Apple (AAPL) Pulls-In 3x More Revenue Per Sq. Foot than Tiffany's (TIF)
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Apple (Nasdaq: AAPL) is now making much more money per square foot in its retail stores than even luxury jeweler Tiffany's (NYSE: TIF).
According to data from Apple's 10-Q filing as well as analyst comments by Needhan & Company, Apple's quarterly revenue per square foot of retail space is $2,033, or about $8,133 per year. By comparison, Tiffany's is pulling in $2,974 per square foot each year. Based simply on sales per square foot, Tiffany's is the closest competitor to Apple.
Apple reported a 60 percent increase in overall retail sales and a 42.5 percent increase in revenue per store to $17.08 million. Overall square footage is assumed to be about 3 million.
Store size also increased from 6,000 square feet 10 years ago to 8,400 today.
Shares are up about 1 percent Monday.
According to data from Apple's 10-Q filing as well as analyst comments by Needhan & Company, Apple's quarterly revenue per square foot of retail space is $2,033, or about $8,133 per year. By comparison, Tiffany's is pulling in $2,974 per square foot each year. Based simply on sales per square foot, Tiffany's is the closest competitor to Apple.
Apple reported a 60 percent increase in overall retail sales and a 42.5 percent increase in revenue per store to $17.08 million. Overall square footage is assumed to be about 3 million.
Store size also increased from 6,000 square feet 10 years ago to 8,400 today.
Shares are up about 1 percent Monday.
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