Apple Computer Inc is planning to build a new, 50-acre campus near its present headquarters in Cupertino, California, company Chief Executive Steve Jobs said.
"What's happened at Apple is that our business has basically tripled in the last five or six years," Jobs said on April 18 evening at a Cupertino city council meeting, which was recorded and viewable as an archived Webcast.
He said the company "has gone from $6 billion in sales to $20 billion in sales, basically." Analysts expect Apple to post $20.3 billion in revenue for its fiscal 2006 ending in September, according to Reuters Estimates.
Jobs said it would likely take three to four years to design and build the campus that could accommodate 3,000 to 3,500 employees.