Apple Will Begin Shifting Employees To New Campus In April

By Jennifer BootonMarketsMarketWatch Pulse

Apple Inc. will open its new spaceship-like corporate headquarters to employees in April. The company, which has dubbed the facility Apple Park, said the 175-acre campus will be ready to be occupied within two months. The company will move more than 12,000 employees there over six months in 2017, while construction on non-core buildings and landscaping will continue through the summer. The 2.8 million-square-foot building features curved class and solar panels that will enable much of the facility to operate on renewable energy. It will also include a 1,000-seat auditorium for the company to host future flagship product events. The announcement comes as Apple stock trades at all-time highs, despite decelerating iPhone sales. Its shares ticked 0.16% lower to $195.96 in premarket trade Wednesday after notching an all-time high of $136.70 on Tuesday. Its shares have gained 22.3% in the past three months and 41% in the past year, outperforming the Dow Jones Industrial Average , a 30-member index of which Apple is a part of. The Dow is up 9% in three months and 25% in the past year.

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