Results 1 to 3 of 3

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.

Thread: Apple Now The Fastest Growing Retailer in the US

  1. #1
    What's Jailbreak? Michael Essany's Avatar
    Join Date
    Aug 2009
    Valparaiso, Indiana
    Thanked 1,491 Times in 577 Posts

    Default Apple Now The Fastest Growing Retailer in the US

    Move over Wal-Mart and Amazon. There's a new retail king in the United States, as measured by sales growth. In the first quarter of 2011, Apple was the top dog among all US retailers, capturing a staggering 20% of all sales growth among publicly traded retailers.

    "Total U.S. sales among public retailers, including auto parts dealers, Internet companies, and electronic retailers, grew by $23.2 billion in the first quarter," reveals retail sales expert David Berman in Wednesday's edition of USA Today. "After Apple, the biggest chunk of U.S. sales growth came from and Wal-Mart stores."

    As the report acknowledges, sales at Apple retail stores exploded during Q1, up 90% to $3.2 billion. Two little products in particular - the iPhone and iPad - helped boost those numbers drastically. Nonetheless, Apple's overall share of the quarter's revenue in the US reflects a still-struggling US retail sector that can't fully shake the economic blues of the times.

    Apple's sales are "mind-boggling," says Berman, whose quarterly DeeBee Index is closely watched by the retail industry. Berman's New York hedge fund, Durban Capital, owns shares of Apple. "People don't realize how much money has been diverted to Apple."
    Apple will report its third-quarter earnings next Tuesday. Analyst expectations peg Apple to post net income at $5.73 a share for the quarter - an increase of nearly two dollars from $3.51 one year ago.

    Source: USA Today

  2. #2
    iPhone? More like MyPhone
    Join Date
    Jul 2009
    Orlando, Florida, United States
    Thanked 38 Times in 24 Posts

    picture looks like the Florida Mall store!

  3. #3
    Livin the iPhone Life
    Join Date
    Feb 2009
    Thanked 95 Times in 67 Posts

    I no care.

    They're probably also raking in patent lawsuits and just lawsuits in general faster than any other company by the looks of things. But of course Essany posted this......which involves avoiding anything negative about Apple like I avoid my Aunt's homemade enchiladas.

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts