The Mac Observer

Apple Retail Shows Strong Third Quarter

TMO Talk (0)

Appleis retail stores played an important role in the companyis record-breaking third quarter with revenue growing nearly 60 percent year over year. The Cupertino-based company reported US$1.44 billion in revenue for the quarter, and helped increase Mac market share by selling more than half of its computers to first-time Mac owners.

Appleis retail stores sold 476,000 Macs during the quarter, with strong interest in the iMac, MacBook, and MacBook Pro.

The company ended the quarter with 216 stores, including its first stores in Australia and China. Apple plans to end its fiscal year with 242 stores and will open locations in Switzerland and Germany some time during the second half of 2008.

Average revenue per store was up 33 percent at $6.8 million compared to last yearis $5.1 million per store. The retail segment margin was also up 61 percent year over year from $184 million to $297 million.

Appleis retail growth isnit limited to its own stores. The company also added its presence to 170 more Best Buy locations during the quarter for a total of about 570 stores, and it plans to grow that to 600 by the end of the summer.

Despite the strong year over year retail growth, Apple isnit ready to announce its plans for fiscal 2009. If the company continues on its current retail growth path, we can expect to see a jump in stores again by this time next year.

<!--#include virtual="/includes/newsite/series/stockwatch.shtml"-->
Post A Comment or Log-in. Need an account? Register here.
 

Recent Headlines - Updated May 26th

Fri, 5:58 PM
News - Sotheby’s to Auction Steve Jobs Atari Memo (Photo Gallery)
5:42 PM
Free on iTunes - 3 Free iOS Apps for News Hounds
3:00 PM
Rumor - Nest Thermostat Reportedly Coming to Apple Retail Stores
2:40 PM
Particle Debris - The TV Industry’s Dreadful Little Secret
2:33 PM
News - Mobile Devices Account for 20% of Web Traffic in US, Canada
12:49 PM
News - Apple Now Offering “Free App of the Week” for iOS
12:21 PM
News - Tim Cook Declines $75 Million Dividend Payout
11:25 AM
News - Absinthe 2.0 Provides Untethered Jailbreak for iOS 5.1.1
11:09 AM
Quick Look Review - F18 Carrier Landing (iOS) is a Boatload of Fun
10:51 AM
TMO Appearances - Jeff Gamet talks Cool Apps & Accessories on Not Another Mac Podcast
10:12 AM
Hot Forum Topic - Forum Poll: Which is Your Favorite Photo Sharing Service?
9:41 AM
Product News - Facebook Brings Native Photo Sharing to iPhone with New Camera App
 

The Mac Observer Reader Specials

  • Macsales Add 2nd Hard Drive or SSD to Mac mini, MacBook or MacBook Pro. 1TB of Hard Drive or SSD Capacity from $64.99! Video Guides Make it easy - OWC DataDoubler - Macsales.com
  • Mac RAM Upgrades: MacBook Pro 16GB kits $475, 8GB Kits for $119.99! iMac 16GB RAM Kits (4x 4GB) for $229.99! Mac Pro Memory 32GB Kit for $399.99, 64GB Kit for $889.99! Mac Hard Drives 2TB Seagate SATA II for $249.99! Click Here!
  • Macpokeronline.com If you're using a Mac, then you've gotta check out PokerOnAMac.com. Online casinos and poker rooms are literally giving away cash and the casino sites at Poker on a Mac do the unthinkable, they actually reward! Join today, the download is free!
  •  Looking to find online casinos for mac? We can help you find the best real money casino sites where you can play your favorite casino games including blackjack and slots.

Apple Stock Quote (AAPL)

Loading...

Hot Topics

TMO Express

Join the TMO Express Daily Newsletter to get the latest Mac headlines in your e-mail every weekday. Find out more!

Top Deals From DealBrothers.com

Recent Features

Support The Mac Observer

We noticed you may be running AdBlock on your computer. It takes real money to run this site and to deliver the news, tips, and opinions you love to read.

If you wish to block the ads that pay for the creation of our content, we ask that you instead support TMO Directly, either with a $5 monthly recurring contribution, or a one-time donation of any amount of your choice. Thanks!

Subscribe with Paypal Donate with Paypal