Apple's new campus costs seen soaring to $5 billion

Staff San Francisco Business Times

Apple Inc.'s planned spaceship-like campus in Cupertino could cost the company $2 billion more than the original estimate of $3 billion, according to a report from Bloomberg Businessweek.

Apple has never shared a budget estimate for the project, but its plan grew from a 50-acre development when originally announced in 2006 to 175 acres when then-CEO Steve Jobs announced the spaceship design in 2011.

Apple has met setbacks in the two years since, with its shares tumbling after a record closing above $700 last September.

Source: http://feedproxy.google.com/~r/vertical_13/~3/gP_X0s5_PYM/apples-new-campus-costs-seen-soaring.html

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