toggle

AAPL Stock: 111.17 ( -1.59 )

Printed from http://www.macnn.com

Apple Stores expected to return to growth in Dec. quarter

updated 11:50 am EDT, Tue October 27, 2009

Recession continues to hamper traffic

Apple Stores should return to some measure of growth in the December quarter, argues Needham analyst Charlie Wolf. While worldwide retail revenues were up 9 percent overall in the September quarter, Wolf notes that same-store revenues dipped down 6.3 percent. Outlets also saw Mac sales fall 3 percent, and non-Mac sales slip by 0.6 percent. The latter figure is actually thought to have been alleviated by a doubling of year-over-year iPod touch sales, while the former is described as less severe as a result of updated MacBook Pros.

Trends are nevertheless swinging in the right direction, Wolf suggests, as the June quarter saw worse in the form of a 14.1 drop in Macs, paired with a 1.9 decline in non-Mac products. Similarly, same-store revenues are said to have plummeted 14 percent as a whole in June, and 17.2 percent in March. Year-over-year growth in December is a "virtual certainty," Wolf proposes, if at least because December 2008 was the first quarter to feel the impact of the global recession.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

toggle

Most Commented