“Ten years after Apple opened its first retail store, there are 323 more, 91 of them overseas, and together they are generating upwards of $3 billion per quarter ($3.19 billion last quarter–up 90 percent year over year),” John Paczkowski reports for AllThingsD. “According to Yankee Group analyst Carl Howe, who’s done the math, that means Apple Stores pull in about $5,000 per square foot in revenue per year, which far exceed not only Best Buy’s $1,000 per square foot, but Tiffany’s roughly $2,700 per square foot as well.”

“Little wonder Apple Stores are the fourth fastest growing retail business in the world, according to the National Retail Federation. Their patrons are among the most satisfied around–even if they don’t actually buy anything, a fact Howe noted in his recent survey of Apple Store customers,” Paczkowski reports. “’72 percent of consumers [said they] are highly satisfied with Apple products and services,’ Howe explained. ‘Intriguingly, 84 percent of consumers who shop in an Apple Store say they are highly satisfied with its products and services, even if they don’t own any Apple products.'”

Read more in the full article here.

MacDailyNews Take: From the SIDAGTMBTTS (never live it down) file:

I give [Apple] two years before they’re turning out the lights on a very painful and expensive mistake.David Goldstein, Channel Marketing Corp. President, May 21, 2001

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