Ron Burgundy Posted February 11, 2015 Share Posted February 11, 2015 By Christina Farr and Nichola Groom SAN FRANCISCO (Reuters) - Apple Inc will buy about $850 million of power from a new California solar farm to cut its energy bill, the iPhone maker said on Tuesday as its stock market value closed above $700 billion for the first time. The First Solar Inc plant, with the capacity to power the equivalent of 60,000 homes, will be used to supply electricity for Apple's new campus in Silicon Valley, and its other offices and 52 stores in the state, Chief Executive Tim Cook said at a Goldman Sachs technology conference in San Francisco. Cook addressed investors as Apple's stock market value closed at $710.74 billion for the first time, buoyed by record sales of big-screen iPhones and a December-quarter profit that was the largest in corporate history. Apple was already the world's largest publicly traded company by stock value. View the full article Quote Link to comment Share on other sites More sharing options...
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