Apple executives spoke about the company's retail growth in a conference call following their quarterly earnings report on Tuesday. Apple's retail sales accounted for about $3.85 billion in revenue in the quarter, a total 95 percent larger than a year before.
For the first time ever, retail segment margin exceeded $1 billion, and more than doubled from the $481 million in the same quarter in fiscal 2010. Apple's stores hosted a record 75.7 million visitors, up 49 percent from the 50.9 million visitors a year prior.
As has been the case for some time, more than half of all Macs sold in stores were to customers that had never owned a Mac before. But the real story of Apple's stores is internationally, where stores, on average, see even more customers than in the U.S.
"Our four stores in China were, on average, our highest traffic and our highest revenue stores in the world," Apple Chief Financial Officer Peter Oppenheimer said on Tuesday. The company has 323 stores worldwide, with 87 of them outside of the U.S.
Apple opened its first retail store in China in 2008. Though the company only has four locations in the nation of over 1 billion people, it has plans to aggresively expand and open a total of 25 stores.
Last July, Apple opened a new flagship store in Shanghai which is marked by a giant glass cylinder leading to the underground store. The location routinely draws crowds as Apple's products, like the iPhone and iPad, find great success in China.
30 Comments
They are definitely putting the stores in the right places then..... this is pretty amazing news, but then again China's nouveau rich have money because we keep getting all our stuff manufactured there. At least Apple is grabbing some of it back.... Rock on guys!!
I wish we had a way to pull up all the troll's posts that wrote here that in China people had no money and Apple was wasting its time!
What China makes, the world takes- including China.
Maybe Apple could open a factory outlet store.
Is it just me or is this another amazing opportunity. Highest traffic ever, amazing mix of products, Mac ap store.... Is it finally time to create a Mac for the common man maybe a 15 in iMac again or a bundle with the Mac mini that allows people that can't spend 2100 on a new Mac a chance to see what the rest of us already know.