“Apple is taking a massive bite out of retail sales in the U.S., new research shows,” Scott Patterson reports for USA Today. “Booming demand for the technology giant’s iPhone, iPad and Macintosh personal computers has made Apple the fastest-growing major retailer in terms of sales growth in the U.S.”
“In the first three months of 2011, Apple’s U.S. sales rose by $4.6 billion, an 80% increase from a year ago,” Patterson reports. “That increase accounted for one-fifth of all sales growth by publicly traded retailers in the U.S., according to a recent analysis of sales trends by retail sales expert David Berman. In part, that’s a reflection of poor sales among most retailers. But it also highlights how Steve Jobs’ technology giant is grabbing a big slice of market share in everything from smartphones to PCs.”
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Patterson reports, “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 sales are rising sharply outside the U.S. as well. In the Asia-Pacific region, sales rose 151% to $4.7 billion in the quarter that ended March 26. Europe sales were up 49% to $6 billion,” Patterson reports. “Analysts expect Apple’s sales to keep growing at a double-digit pace for the next few years. Morningstar analyst Joseph Beaulieu thinks Apple can achieve a 20% average revenue growth rate for the next five years, even without the introduction of new products.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Manny S.” and “Carl H.” for the heads up.]
I went to the Apple store (Orlando) last Thursday morning and was amazed how packed it was. It was way to overcrowded…that’s the big problem Apple has at the moment, at least in the 3 Orlando stores. I’m sure they track the traffic and add stores where necessary but the stores in Orlando are insanely overcrowded.
Like the iPad…I think they can’t build stores fast enough.
MrFlish… agreed. It used to be I could go to the local Apple store midweek during the day and it wouldn’t be too much of a mad house. Can’t anymore, it’s packed 24/7 now. Great day to be a shareholder.
these are the “good ol’ days.”
Don’t forget, that at least in the US, schools are not in session.
All those mall rat kiddies need someplace to go, and Apple stores are the coolest in the mall. Also, they can Facebook and such for free on someone else’s device! (That is if the store hasn’t blocked Facebook, etc.)
Correct and they return at night with mom and dad and buy something …… And they end up selling their parents and they buy and then they tell their friends and the cycle just keeps repeating itself ….. Couple that with all the FREE press Apple gets and their coolness to the product and you have a BIG hit on your hands …. Or in Apple’s case a bunch of hits ……
I give them two years before they’re turning out the lights on a very painful and expensive mistake.” –David A. Goldstein, president Channel Marketing Corp, May 2001.
“Sorry, Steve: Here’s Why Apple Stores Won’t Work”
–article by Cliff Edwards, Bloombert Businessweek, May 2001
Bloomberg owns BW now, but did not then. Just making a point of order.
Here in Sweden Apple doubled its sales in 2010 – and that was before the iPad was officially released in October!
It is not surprising that you see the iPhone 4 everywhere.
Many PC users get iOS devices but also the Mac mini for use as a media server (the Apple TV is not sold here yet).
Not just PC users. I replaced my 160 GB ATV with a Mac mini server for the LR HDTV.
Sales at Microsoft Stores are “mind-boggling” as well, just in a different way.
Bubbles is DEAD ON… LMAO!!!!
This in a really messed up world economy. Percentages would be less in a robust economy, but it’s still damned impressive.
What amazes me is how few companies have adapted or adopted Apple’s organization & management- flat and lean as opposed to endless suits. We could sure use that in healthcare herein the US as the steady growth in overhead bloat of people unconnected to patient care is stunning.
Now if our automotive and housing innovators would just supply equally compelling products. Like net zero energy houses (Sol Austin in Austin,TX) or series electric hybrid cars (Chevy Volt could be a contender, but I’ve never seen one in the wild).
I’ve seen one here in Eastern MA.
Having said that, 40 miles a charge is a joke, it’s pretty much useless. Most people around here commute more than 40 miles one way to work. Out West 40 miles won’t even get you to the next town. LOL.
Now what Tesla Motors is doing is great. Their roadster gets 200 miles to a charge, which I consider to be the minimum travel distance.
When you offer first class quality of product, together with innovation, integration, diversity, security, competitive pricing and support for your futuristic products, do we really doubt that the buyers will come? Apple Incs. success, is no surprise for me ….
I love the last paragraph of the source article. It’s classic FUD:
“If Apple has a weakness, it may be its outsize dependence on iPhone sales, which currently represent about 40% of its sales, according to Morningstar.”
Yeah, having a huge hit in the market is always dangerous.
“The pop from Verizon is likely to be short-lived.”
Right. So Apple needs to come up with other ‘pop’s?
“If a competitor launches a superior phone, Apple could be put on the defensive. Indeed, that’s exactly what Apple did to portable phone giants such as Nokia in 2007 when it launched the iPhone.”
Very scary. Except who else is there in the market that has a clue about innovating anything? This is actually a WEAKNESS IN THE MARKET, not a weakness in Apple.
It sounds to me like these dumbass comments are what’s ‘defensive’. You don’t need FUD to know the rest of the market is getting exasperated with its own incompetence. Apple requires competition, but no one’s in sight. 😥