Apple buys HP's Cupertino campus

Apple has expanded their physical empire today, purchasing HP's Cupertino, California campus. Hewlett Packard is apparently condensing their workforce into their Palo Alto campus, and is no longer in need of the 98-acre property.

This land purchased by Apple effectively doubles their current ownership. "We now occupy 57 buildings in Cupertino and our campus is bursting at the seams," says Apple spokesman Steve Dowling. It also makes Apple the largest landowner in Cupertino, CA.

HP's former property sits across from another 50-acre parcel of land, that Apple has set aside for their second campus. Apple is rolling over the competition, posting record revenues and earnings, which are largely thanks to the iPhone and iPad.

We know we should be excited about a home-grown company showing such success, but it also comes at the expense of other U.S. businesses. Is Apple going to roll over every tech sector, as it did with the music industry? We're just waiting for Apple to change Cupertino's name to "Appleton".

source: Reuters via PCMagazine