Apple Inc. spent more than $517 million on Silicon Valley real estate this week, expanding its owned office footprint even as many technology peers scale back. The iPhone maker paid about $350 million for a newly built, two-building campus in Sunnyvale that spans roughly 380,000 square feet. Earlier in the week it bought the Tantau Avenue complex near its Cupertino headquarters for about $160 million, lifting the week’s outlay to over half a billion dollars. The investments reflect Apple’s strategy of converting leased properties into owned facilities, giving the company greater control over workspace design and security for future hardware and services projects.
Just in: Apple $AAPL is set to open a new 15,000+ sq ft studio space in Los Angeles this summer. The facility will feature advanced radio studios, a soundstage, and more, aimed at boosting artist-driven content. #Apple #Innovation
Apple Music Debuts All-New Personalized Playlist https://t.co/1MOjdj3DBZ https://t.co/mkk8u9WtPb
Marking ten years of Apple Music, the streaming service is hosting a week of special programming, ranging from the countdown of its top streaming chart, to documentaries about the streamer. By @WGallagher https://t.co/QBFrQ2JA8F