Apple Recap: Data Center Construction, Movie Critiques, and the iWatch
Soaring as high as $513.74, shares of Apple (NASDAQ:AAPL) gave back some of their gains but managed to close up $5.41, or 1.08 percent, at $507.74 on Monday. Here’s a cheat sheet to today’s top Apple stories:
Is Apple’s Reno Data Center Almost Ready?
The construction of Apple’s new massive data center site located about 15 miles east of Reno appears to be nearing completion. According to Apple Insider’s Daniel Eran Dilger, two of the buildings now have roofs and may soon house the data processing equipment that will support Apple’s iTunes Store, App Store, and its cloud computing iCloud services.
Although Nevada’s low property and sales taxes may have enticed Apple to build its data center near Reno, there were also several other factors that attracted the Cupertino-based company to this particular area. For example, the center is conveniently located near a high-speed fiber optic conduit that is necessary for a data center of this size… (Read more.)