“Before the GM Building was sold to a Boston Properties partnership last year, a prospectus shown to possible purchasers revealed the Apple store under the famous glass cube was doing an incredible $440 million a year,” Steve Cuozzo reports for The New York Post. “By comparison, sources said, Apple’s outpost at Prince and Greene streets does $100 million. (The uptown Apple is larger, but not by much — it has an estimated 10,000 square feet of selling space compared with 8,500 feet in SoHo.)”

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Erica Ogg reports for CNET, “Even if it is a high-end retail outpost for Macs, iPhones, and iPods, that’s an impressive amount of money coming in when seemingly every retailer was clobbered by the arrival of the current recession.”

“It’s interesting insight into the company’s flagship location, since Apple does not break out individual stores’ take. The company did report in its second-quarter earnings filing that its 252 stores worldwide brought in $1.47 billion collectively for the quarter,” Ogg reports.

“All of this explains why the company has not stopped investing in its retail presence. Apple’s senior vice president of retail, Ron Johnson, said last week that 100 of its stores will be remodeled this year to allow for bigger displays and room for customer training courses,” Ogg reports.

The shopping frenzy at the tourist-clogged Fifth Avenue location isn’t like to abate anytime soon, particularly if Apple releases new iPhone hardware next month, as is widely expected,” Ogg reports.

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Dan Frommer writes foe The Business Insider, “$440 million a year in sales [is] an incredible amount of money — even if it’s dropped during the recession — and more than 10 times Apple’s average for a retail store. Over the trailing four quarters, the average Apple retail store brought in less than $30 million in sales.”

Full article here.