New York's flagship Apple Store doing great business
New York City's flagship Apple Store, located on 5th Avenue in Manhattan, is doing tremendous business. According to The New York Post, that store raked in $440 million in one year. Of course, the location doesn't hurt. It's right by Central Park and the huge, glass cube is a real tourist draw. The Post also notes that the SoHo store pulled in $100 million, but didn't provide any stats on the West 14th Street store. In the meantime, construction has begun on what's rumored to be a fourth NYC store, expected to open at the corner of 67th and Broadway on Manhattan's Upper West Side later this year. If that store and a rumored Brooklyn store are opened, NYC would boast six stores total (including the Staten Island store).
Apple intends to open 25 new stores for fiscal year 2009, half of them outside the United States.
[via AppleInsider]
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New York City's flagship Apple Store, located on 5th Avenue in Manhattan, is doing tremendous business. According to The New York Post,...
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Is that even possible?
$440,000,000 / year
= $1,205,479 / day
= 482 laptops / day (assuming $2500 per laptop)
That sounds like a ridiculous quantity of laptops!
Maybe they're booking all iPhone revenue up front? So something like $250 for the phone + $100/month*24months = $2650 / iPhone?
So then 482 laptops + iPhones / day at about $2500 each? I guess that's more plausible but still, wow!
The Apple Store in SOHO always ticks me off. They always leave their front doors wide open in the summertime, wasting tons of energy on AC. I thought Apple was supposed to be an environmentally friendly company - isn't/wasn't Al Gore on their board?
June 03 2009 at 11:46 AM Report abuse Permalink rate up rate down ReplyThe Apple Store on 5th Ave is located in the shopping district in NY its full of uber expensive stores. So it shouldn't surprise anybody who actually knows about Manhattan.
June 03 2009 at 11:39 AM Report abuse Permalink rate up rate down ReplyYeah that place is a tourist magnet
I remember when Apple only had the Soho store. OMG that place was even worse than this one.You had to pratically wait 40 minutes plus just to try a mac, and to get your ipod or mac fix it would take over two hour or more specially fridays. The great thing about the Soho store is that they have mini concerts all year long. Last one they had was the Jonas brothers and the residents were piss off to no end because of the teen and pre teens were getting rowdy ..lol can you believe it pree teen girls menacing old people because of the Jonas brothers..LOL
I wish they open up a store in Hong Kong... they've got one in Beijing... but still no shop in Hong Kong... it is a big disappointment really. I would have thought Hong Kong being a gateway to China from the world, and a pretty important city in the world map, they will deserve some attention from Apple... But I guess there's a lot of contractual agreements that forbid Apple opening it's own store in many places where they do not distribute their own products, ie: Hong Kong.
June 03 2009 at 11:13 AM Report abuse Permalink rate up rate down ReplyWell think about it. There are easily a couple hundred people in there at any time, and it's open 24 hours a day. Even in the middle of the night there's more people in there than an average Apple Store would see in the middle of the day. A lot of those people are tourists who have a) a lot of money to spend and b) maybe don't have an Apple Store where they come from, so they've been waiting to get there specifically to make a major purchase.
I hope that store in Lincoln Square is true. It would finally be one that was located conveniently for me to get to from home, and maybe a little less crowded.
seems hard to believe a retail store can average $1.2million per day. That means 1200 people have to spend $1000 each. Or 2400 people spending $500 each. I've never been there so I don't know how crowded it actually gets, but those numbers seem quite high.
June 03 2009 at 9:35 AM Report abuse Permalink rate up rate down ReplyIt's easy to rake in money when you overcharge your customers and make insane margins.
June 03 2009 at 7:17 AM Report abuse Permalink rate up rate down ReplyErnieP escaped from The Unofficial Windows Weblog! Call the authorities before his thoughtful logic spreads to the public and ruins Apple forever!
June 03 2009 at 8:17 AM Report abuse Permalink rate up rate down ReplyI think everyone will agree that after reading you comment that only thing to do is vote you down.
button on the left folks
Privyet Yabloko,
A store in Moscow (think: Tverskaya or GUM) is long overdue. The Apple brand here is very strong and a retail store would further fuel Apple's growth.
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