Sunday , 9 February 2014
Headlines
- Official Speech of Governor Babatunde Fashola at the launch of Lagos H.O.M.S
- 3INVEST to launch a Mortgage Clinic at PBF in partnership with 2014 Social Media Week
- Lagos State Govt Rolls out Home Ownership Mortgage Scheme
- ECOWAS Leaders Approve $50m for Trans-West African Highway
- CBN bars NMRC from Real Estate Construction Financing
- Real Estate: 3 Things to Note Before you Sign a JV Agreement and 3 Sucessful Real Estate JVs
- 2014 Editor’s Pick: 7 Events That Can Change Your Real Estate Business
Retail – Apple Reports Q4 Retail Sales Of $4.5 Billion With $50 Million In Sales Per Apple Store
Apple reported that its fourth quarter revenues in its Apple stores were $4.5 billion, up 6 percent compared to last year. On average, the company reported that Apple made an average of $50 million per store. Apple, which has 416 stores, had 36 percent growth per store on a per week basis compared to last year.
About 76 percent of Apple’s retail revenues were from offshore. The company said it had about 99 million visitors to its stores with about 18,500 visitors per week.
The company has162 retail stores outside the United States. In the earnings call, Apple CFO Peter Oppenheimer said the company opened 30 new stores in 2013. Most of those stores are outside the United States. An emphasis will be put on the China market with its international retail expansion.
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