USA Today reports that Apple is taking a "massive bite out of retail sales in the U.S." Using new research from David Berman, whose DeeBee Index is highly respected in the retail industry, the report indicates that during the first three months of 2011, Apple U.S. sales have shot up 80 percent compared to a year ago.
Amazingly, this $4.6 billion increase actually represents "one-fifth of all sales growth by publicly traded retailers in the U.S." Which is very wow.
Berman calls Apple's sales "mind boggling" and that "people don't realize how much money has been diverted to Apple." A huge reason for Apple's growth can be attributed to iPhone sales, which have grown 113 percent over the past year. According to the report, iPhones now represent 40 percent of all Apple sales. Such a huge chunk riding on one product can be viewed several ways; if the gaudy iPhone success is short lived because of a wave of new Verizon customers, or if a competitor is able to launch a true iPhone killer, sales could topple and create a huge revenue hole. However, the likelihood of that happening, based on recent reports and news, seems unlikley.
Apple is scheduled to release quarterly revenue reports next Tuesday, with many analysts now anticipating those reports to contain significant growth and record sales numbers. Cupertino, long the Wall Street sweetheart of the tech world, is now growing faster than even Amazon or Wal-Mart.
tanker10a
July 14, 2011 at 5:17am
What is so "mind boggling" about Apple's success? iPhone sales? That has nothing to do with it. You need to stop being so myopic about: "Can another company put out an iPhone killer? non-sense.
The BIGGER picture in the grand scheme of things is that Apple has consistently put out great, functional, well-designed products and they have stood strongly behind their products with the best industrial quality control. Not to mention the best marketing campaign along with good product placement. Apple has never buckled under the public mass's pressure to put out products that are not ready for prime-time...
Apple's products are so mainstream (particularly nowadays) which explains theiir sale's growth... Consumers are purchasing a product that works right out of the box with no fuss no mess. What about that?
End of story!
