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Apple Stores push $1.74B revenue, near $7m per store

updated 10:40 pm EST, Wed January 21, 2009

Apple Store report

Apple has provided additional details regarding its retail stores, with information included in the Q1 financial reports. Total revenue for all locations set a new record of $1.74 billion for the December quarter, with an average of $7 million attributed to each store. The volume of foot traffic followed the same trend, with a total of 46.7 million visitors for the quarter and over 14,000 people passing through each store every week. Despite the impressive numbers, the segment margin was down to $353 million from $405 million last year, while average revenue per store also suffered because of the difficult retail environment.

Over a half million Macs were purchased at Apple Stores through the same time period, split between Mac veterans and customers entirely new to the platform. Peter Oppenheimer, Apple's CFO, attributed part of the success to heavy discounting and bundling of products through third-party distributors, particularly with the iPod line.

Apple finished the year with 251 retail locations spread across 10 different countries. Despite the uncertain economy, the company plans to open 25 stores in 2009. Half of the upcoming locations will be located outside of the US.




by MacNN Staff

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Comments

  1. Guest

    Joined: Dec 1969

    +2

    Wow, that's a lotta Macs!

    "Over a half billion Macs were purchased through the same time period..."?

  1. testudo

    Joined: Dec 1969

    -3

    discounting

    Apple has done "heavy discounting"? On what?

    Then again, if they heavily discounted macs, it would explain the 500 million they sold.

  1. Kees

    Joined: Dec 1969

    +1

    heh

    500 million Macs, ey? So they finally outsold Dell then, by about 1000% or so...

    I think it was 2,5 million actually.

  1. thinkx

    Joined: Dec 1969

    0

    right.. the netbooks

    Apple started selling netbooks by the dozen, and no one told us.. hence the half-billion figure.. snicker


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