“Apple’s same-store sales rose 8 percent in the March quarter of 2010, propelled by a 22.3 percent year-over-year increase in Mac sales, even though a MacBook Pro refresh did not arrive during the three-month period,” Neil Hughes reports for AppleInsider.
“Needham & Company analyst Charlie Wolf issued a note to investors Wednesday morning highlighting the performance of Apple’s retail stores,” Hughes reports. “Wolf noted that the same-store Mac unit sales increase in the March quarter compared to a 19.8 percent year-over-year gain in December, and a 21.9 percent decline in the same period a year ago.”
“In addition, same-store non-Mac revenues at Apple’s retail locations grew 1.2 percent during Apple’s second fiscal quarter of 2010, propelled by the strong iPad launch. That year-over-year increase represented the first growth in six quarters,” Hughes reports. “‘One of Apple’s initial reasons for opening Apple Stores was to spotlight the Mac, which had virtually no retail visibility,’ Wolf wrote. ‘With an installed base that has doubled in the last five years, the Mac is going mainstream with many consumer electronic chains now selling the Mac both here and abroad.'”
Full article here.