Apple (AAPL) Retail Revs Outpace Overall Growth in Q2
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Price: $314.86 -0.77%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
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Shares of Apple (Nasdaq: AAPL) are trading modestly higher Wednesday following a report from AppleInsider which states that if you haven't perused through an Apple store yet -- congratulations, you're in the minority.
Last quarter, the Cupertino, CA-based media and electronics behemoth saw its retail store revenue rise faster than overall revenue growth. Retail sales grew 90 percent to $3.19 billion, compared with overall revenue growth of 86 percent. The figure more than likely excludes Best Buy (NYSE: BBY) and Wal-Mart (NYSE: WMT) locations, both of which sell Apple's wares.
Apple currently runs 323 retail stores worldwide. Same-store visitors surpassed the 800 million mark in 2010, and Apple is expecting to serve its one-billionth customer shortly.
Locations in China are, probably unsurprisingly, the most trafficked locations.
Retail locations amounted to 12.9 percent of worldwide sales in March, down from a high of 21.6 percent in 2008's second quarter.
Apple is trading 0.2 percent higher Wednesday morning.
Last quarter, the Cupertino, CA-based media and electronics behemoth saw its retail store revenue rise faster than overall revenue growth. Retail sales grew 90 percent to $3.19 billion, compared with overall revenue growth of 86 percent. The figure more than likely excludes Best Buy (NYSE: BBY) and Wal-Mart (NYSE: WMT) locations, both of which sell Apple's wares.
Apple currently runs 323 retail stores worldwide. Same-store visitors surpassed the 800 million mark in 2010, and Apple is expecting to serve its one-billionth customer shortly.
Locations in China are, probably unsurprisingly, the most trafficked locations.
Retail locations amounted to 12.9 percent of worldwide sales in March, down from a high of 21.6 percent in 2008's second quarter.
Apple is trading 0.2 percent higher Wednesday morning.
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