Apple

Why You Should Watch: Apple’s market cap is nearly $3 trillion and it is still one of the biggest data center spenders.  

In the first day of trading in 2022, Apple for a brief moment became the first publicly traded company in history to reach a $3 trillion market value. The news came just 17 months after Apple became a $2 trillion company.

The Cupertino, Calif.-based company was a top five data center spender in the first half of 2021 in terms of building new and updating existing hyperscale facilities, according to Synergy Research Group. Compared with global spenders like AWS and Equinix, Apple tends to have its data centers focused primarily in the U.S.

Although Apple’s data center plans aren’t as bullish as the market leaders, the company still opens a few data centers on an annual basis. For example, Apple is expected to begin construction of a $1.3 billion data center in Iowa later this year.

With the digital foundation of the world running through data centers and investment in Apple at an all-time high, it will be interesting to watch in 2022 if the iPhone giant makes any significant moves to expand its data center footprint.