Tag - Needham
Analyst Charlie Wolf from Needham & Company has told his clients in a new report that Apple Store revenues have not kept pace with the growth in Apple's overall business, but that this is because the company is continuing to expand its range of points-of-sale rather than any flaw in the management of the stores. With ever more places to buy Apple products, the need to specifically visit an Apple Store for purchases has been diminished. Nonetheless, the retail stores continue to show strong growth even in a dour economy.
Needham analyst Charlie Wolf in a research note on Friday gave a detailed breakdown showing the Mac carving significantly into Windows PC sales in the normally stable corporate world. In business, Mac shipments grew about 66 percent in the first quarter of 2011 where the total PC market advanced 4.5 percent. Apple now had three percent of corporate PCs, a figure it hadn't seen since spring 1997.