
SAN FRANCISCO — Apple will invest $850 million in a solar farm
in Monterey, California, CEO Tim Cook announced Tuesday.
When completed, the farm will power Apple's Cupertino-based
campus, a data center and 50 of the company's retail stores.
Cook made the announcement during the Goldman Sachs
Technology Conference in San Francisco on Tuesday.
"We're doing this because it's right to do," Cook said during his
talk with Goldman Sachs President Gary Cohn. He also noted the
move is "good financially," and the company expects
"significant savings."
Cook wore the Apple Watch on stage, and said he is "super
excited" for third-party apps for the wearable. He mentioned the
smartwatch's potential to help people be healthier and called out
an app that will "tap" the wearer when he or she has been sitting
down for too long.
Cook also touted the slew of new Apple products and software
updates the company launched within the last year, including the
iPhone 6 , iPhone 6 Plus and iOS 8.
Apple's chef executive also talked at length about the
importance of Apple's recent partnership with IBM. "When you
look at it, the skills of two companies are very complimentary,"
Cook said, hinting there was much more to come from the
enterprise-focused partnership between the two companies.
"This is not a small thing, the truth is the enterprise has not
moved to mobility in the same way the consumer has."
Apple also reached a new milestone Tuesday, ending the day
with a market cap over $700 billion, the first U.S. company to do
so.
Source: Mashables
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