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AAPL Stock: 125.8 ( -2.9 )

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Costco confirms plans to phase out all Apple products

updated 04:30 pm EST, Thu December 9, 2010

CFO says Apple banned online sales

Costco is ultimately phasing out all Apple products from its stores, the company's CFO has announced. Speaking during a financial conference call, Richard Galanti described the plan as a mutual agreement. The only cited reason is online sales; Galanti notes that Apple was forbidding Costco from selling products online, unlike other some other third-party vendors.

"In the past couple months, we agreed to wind down," Galanti elaborated during the call. An Apple spokeswoman, Amy Bessette, states that the company has no comment.

In October, reports first claimed that Costco was dropping iPods, and then iTunes gift cards. Sources have suggested that the retailer is upset over not getting the iPad. Many other major American chains now have the iPad, including Best Buy, Target, and direct Costco rival Sam's Club. Even TJ Maxx briefly joined in sales, though it was not an authorized iPad dealer.






by MacNN Staff

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Comments

  1. Sabon

    Joined: Dec 1969

    +5

    This SUCKS!

    I live in the Seattle area and very much enjoyed a non Microsoft product having such a huge presence just inside the doors of Costco. Sigh!

  1. OtisWild

    Joined: Dec 1969

    +2

    Meh

    Why bother buying a product at Costco without a discounted price? I am surprised Costco even stocked Apple products, and they only shaved like $5 off the price so meh.

    OTOH, I really wish they'd bring back $100 worth of Starbucks gift cards for $80.

  1. Raman

    Joined: Dec 1969

    +1

    When I think of CostCo

    all I can think of this http://www.youtube.com/watch?v=Z8zNsUTWsOc

  1. climacs

    Joined: Dec 1969

    +2

    irresistible force

    meet immovable object

    Costco likes to offer discounts you can't get elsewhere, and Apple upholds its retail pricing very strictly (which is one of the reasons AAPL keeps soaring).

  1. Fast iBook

    Joined: Dec 1969

    +2

    Accidental pricing....

    Reminds me of how pissed steve got over the accidental way low pricing on some products not too long ago, i think this was in france?

    - A

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