Apple blows money on two data centres

Apple's CEO Tim Cook - shot from WikimediaApple has so much money swilling around in its bank account that it can easily afford to spend $2 billion on data centres in Europe.

And that’s just what it’s doing, according to a report from Reuters.

The centres will be based in Denmark and Ireland and will be powered by renewable energy and offer several hundred jobs.

The data centres will be used to support Apple’s online services such as iTunes and its App Store, and will open in 2017.

Tim Cook, Apple’s CEO, said in a statement that the investment is the company’s biggest in Europe to date.

The Irish centre will be based in Galway and will hire 300 people. Ireland is a favourite spot for US tech multinationals, largely because of the tax breaks it gives the company.