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  • Apple's Real Estate More Valuable Than The White House?


    As President Obama delivers the final State of The Union address of his first term tonight, some in the tech space have a much bigger question about The White House than any policy originating from it: how could The White House only be worth as much as one Apple store?

    This provocative suggestion surfaced early Tuesday as reports indicated that on a per-square-foot basis, Apple's retail space is virtually identical in value with that of the White House.

    It's almost a tie. Apple sells an annual average of $4,709 worth of merchandise per square foot in its hundreds of stores across the world. Meanwhile, the presidential mansion in Washington is valued at $4,752 per square foot, according to real estate website Zillow.
    "Apple in a few short years has gone from having not any retail presence at all to top-10 and heading north," Craig Johnson, CEO of research firm Customer Growth Partners, tells CNN.

    Some will naturally see the comparison between an Apple Store and The White House as absurd (hey, don't shoot the messenger), but the reality of Apple's value per square foot certainly illustrates in a highly creative manner just how valuable the company is - although we didn't really need any more evidence after today's earnings report.

    Source: CNN
    This article was originally published in forum thread: Apple's Real Estate More Valuable Than The White House? started by Michael Essany View original post
    Comments 5 Comments
    1. rkswat's Avatar
      rkswat -
      Best quote of the entire post: "Some will naturally see the comparison between an apple store and the White House as absurd"..... yes it is. The worth of the whitehouse isn't in dollars and cents, it's in the history of this country and what it stands for, or used to anyway.
    1. domenicp's Avatar
      domenicp -
      Quote Originally Posted by rkswat View Post
      Best quote of the entire post: "Some will naturally see the comparison between an apple store and the White House as absurd"..... yes it is. The worth of the whitehouse isn't in dollars and cents, it's in the history of this country and what it stands for, or used to anyway.
      I vote for absurd.
    1. Ambi_Valence's Avatar
      Ambi_Valence -
      History of this country......Are they still treating the native peoples equally then?
    1. no1stunna2k's Avatar
      no1stunna2k -
      Quote Originally Posted by Ambi_Valence View Post
      History of this country......Are they still treating the native peoples equally then?
      I vote for this quote!!
    1. sziklassy's Avatar
      sziklassy -
      Quote Originally Posted by rkswat View Post
      Best quote of the entire post: "Some will naturally see the comparison between an apple store and the White House as absurd"..... yes it is. The worth of the whitehouse isn't in dollars and cents, it's in the history of this country and what it stands for, or used to anyway.
      I agree wholeheartedly. What a silly comparison.