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Silicon Valley marvel: Did you know the iconic Apple Park is worth a whopping $3.6 billion?

The building which opened in 2017 is made with high-end materials, abundant glass and has an intricate design.

IANS|
Jul 15, 2019, 05.44 PM IST
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Agencies
ApplePark
The iPhone maker is required to pay 1 per cent property tax per year, which comes out to just over $40 million this year.
SAN FRANCISCO: The iconic Apple Park in Cupertino has been assessed to be worth a whopping $3.6 billion, according to the Santa Clara county.

The valuation doesn't perfectly coincide with its market value -- how much it would sell for -- but is based off a detailed appraisal of the building, which opened in 2017, according to a report in the San Francisco Chronicle.

Once things like computers, furniture, and grounds maintenance equipment are also considered, the valuation increases to $4.17 billion.

Beyond its giant 2.8 million-square-foot size, Apple Park's high-end materials, abundant glass and intricate design make it a standout in Silicon Valley, home to some of the world's most valuable real estate, the report added.

The iPhone maker is required to pay 1 per cent property tax per year, which comes out to just over $40 million this year.

Some people, however, believe that Apple should pay more, as its property tax does not "offset its contribution to the housing crisis and homelessness". Nonetheless, Apple is still the largest property taxpayer in Santa Clara County, according to 9to5Mac.

Jony Ive: The Man Who Changed The Way Apple Looks

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Partners In Design

28 Jun, 2019
Jony Ive, as he's popularly known, was not just the Cupertino-based tech giant's Chief Design Officer but also the right-hand man at the company, which he joined in 1992 as a member of the design division.During his initial years there, he helped create the Apple Newton. And would've moved on after a 5-year stint, but rather was appointed Apple’s senior vice-president of industrial design by Steve Jobs who was himself returning to the group at the time. Ive and Jobs would go on to form a lifelong partnership; the late Apple founder had once said, "If I had a spiritual partner at Apple, it's Jony."The British designer revealed in an interview that he and Jobs began work on what would become the iMac the day they met.Ive, with Jobs and even after him, would go on to create some of modern day's most path-breaking products including the iPod, iPhone, iPad, Airpods among several others.Here's a look at some of the devices that were made irresistible by Ive's designs.(Image: allaboutstevejobs.com)
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