real-time news and commentary for investors
Tuesday, Jun 26
2012, 7:12 PM
Apple (AAPL) plans to invest $1B over the next 10 years in the Reno, NV area on a project...
Apple (AAPL) plans to invest $1B over the next 10 years in the Reno, NV area on a project revolving around a new data center, the Reno Gazette reports. News of the project, which will receive generous tax breaks, arrives a year after Apple finished building a North Carolina data center to support its iCloud launch, and months after the company broke ground on an Oregon data center. Apple has forecast its capex will increase 73% in FY12 to $8B. (data center boom)