Apple Is America’s Most Profitable Retailer

A neat infographic by Online MBA takes a look at Apple’s retail stores, and how profitable the minimalistic shops have become over the years, contributing to Apple’s status of “the most valuable public company in the world” with $400 billion market cap.

As MacDailyNews points out, David Goldstein, the president of Channel Marketing Corp. commented on Apple’s opening of retail stores in May, 2001, “I give [Apple] two years before they’re turning out the lights on a very painful and expensive mistake.”

He was wrong, to say the least.

The iPhone and iPad maker headquartered in Cupertino, Calif. now has no less than 363 retail stores across the globe. They’re all doing great too, welcoming millions every month.

Just in the March quarter this year, Apple retail stores welcomed no less than 85 million people. Since they launched their first store in 2011, over a billion people have visited Apple stores.

According to Online MBA, Apple stores cashed in more money per square foot than any other United States retailer. They made almost double the amount of the 2nd highest seller, Tiffany.

And hear this. When Apple opened a new store in 2009 in the Manhattan area (New York City), it was more difficult to get a job there than to get into Harvard.

Apple has 42,200 employees worldwide, 30,000 of which are in US retail. Last year, each staffer brought in about $420,000 (342,000 EUR).

“When Steve Jobs had the idea of opening an Apple store in 2000, most people wrote it off as a little insane. 12 years later, Apple stores are recognized nearly around the globe, making a universal appeal with the minimalistic, signature storefront Apple logo.”

“If you’re like 1 billion other people in the world, chances are you’ve visited an Apple store in the past year,” says Online MBA.

Please Include Attribution to Onlinemba.com With This Graphic