Apple Reveals Plans to Open 40 New Stores in FY06
April 18th, 2006 at 3:00 PM - Reports by Brad Cook
During the companyis earnings conference call on Wednesday, Apple CFO Peter Oppenheimer revealed that the firm will open 40 new stores during its current fiscal year, which concludes Sept. 30. "I think a little more than 30 will be in the United States," he said to analysts during the Q&A session.
While Appleis retail segment profit dropped from US$42 million in the year-ago quarter to $29 million this year, traffic grew from 13 million visitors to 18.1 million, "translating to over 10,000 visitors per store per week," Mr. Oppenheimer said. He added that more than 50,000 one-to-one personal training sessions were delivered in the storesi new creative studios during the quarter.
During the Q&A with analysts, Mr. Oppenheimer said that Apple addressed the move to Intel processors immediately after the new Intel iMacs and MacBook Pro laptops were announced at Macworld in January. "We changed all the product merchandising and the Window displays and graphics in the store, really to communicate that this was the future," he explained. "As Intel-based Macs arrived in the stores, we stopped carrying the comparable PowerPC models."
The CFO added: "As you may have seen, our retail sales teams were not discouraged from telling customers to wait for Intel-based Macs if that was the best thing for the customer. [We] really let the customer purchase what they wanted to and that impacted us in the quarter."
One analyst pointed out that "PC units per store are down fairly meaningfully on a year-over-year basis," when investors consider the fact that Apple has more stores open now than it did a year ago. Mr. Oppenheimer didnit directly address that issue, simply repeating what he had said earlier about focusing on the transition to Intel in the stores, even if that hurt sales.
Recent Headlines - Updated March 21st
- Fri, 5:55 PM
- Games - Namco Releases Match-Three Game Tinseltown Dreams to the App Store
- 5:16 PM
- News - iPad Launch Day Deadline for Developers: March 27
- 5:11 PM
- News - Steve Jobs Helps Promote Organ Donor Legislation
- 4:06 PM
- iPad - VIVmag Shows Off Interactive iPad Version in the Works
- 3:07 PM
- App Store - Microsoft Yanks Bing App From Foreign App Stores
- 2:05 PM
- iObserver - Analysts Downgrade Troubled Palm Amid Severe Revenue Drop
- 1:35 PM
- In-Depth Review - PhoneSuite MiLi Packs a Powerful Punch
- 1:11 PM
- News - YouTube to Viacom: Sue Yourself
- 11:34 AM
- Product News - PocketMac for BlackBerry 5 Improves Snow Leopard Support
- 10:59 AM
- News - Apple iGroups Patent Hints at Social Networking Plans
- 10:20 AM
- Hot Forum Topic - Reader Discussion: Who Will Buy Palm?
- 9:50 AM
- News - Bharti Airtel Lands India iPhone 3GS Deal
The Mac Observer Reader Specials
- TypeStyler For Mac OS X is Now Shipping! Download The Free Fully Functional 60 Day Tryout at www.typestyler.com
Mac Memory and Hard Drives: MacBook Pro Memory 8GB kits $349.99! iMac Memory 4GB DDR Kits for $109.99! Mac Pro Memory 4GB Kits for $135.99! Mac Hard Drives 1.5TB Seagate SATA II for $147.99! Click Here!
- CarMD Handheld Device & Mac/PC Software System saves you time and money on car maintenance and repair. Buy at www.CarMD.com! Save $10 with code TMO2.
If you're using a Mac, then you've gotta check out Full Tilt Poker for Mac. This Full Tilt Poker bonus code does the unthinkable, it actually rewards!For the latest Apple products use Ciao, a price comparison website, to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate mobile phones like the Apple iPhone.


2nd Gen. Refurbished 32GB iPod touch: $249.00 Delivered
Refurbished MacBook Air 1.6GHz Intel Core 2 Duo $1099.00 Delivered
