Apple’s retail stores will host their one billionth visitor in the next few days, the company said during today’s announcement of quarterly financial results, just a month before the chain’s 10th anniversary on May 19th. CFO Tim Cook said the stores hosted 71.1 million visitors during the second fiscal quarter, up 51 percent from the same quarter of 2010. Those visitors helped fuel quarterly retail store revenues of $3.19 billion, a 90 percent increase year-over-year, and sales of 797,000 Macs, an increase of 32 percent. The Mac figure was a record for any second quarter, but nine percent less than the all-time record set in Q4 2010. Over one-half the Mac buyers continue to be new-to-Mac. The Retail segment reported a profit of $807 million, down from the previous quarter, but up 116 percent from the same quarter of 2010. Significantly, average international store volume exceeded U.S. store volume, the company said. Overall, the company reported record second-quarter revenues of $24.6 billion and profit of $5.9 billion. Neither figure was an all-time record, however. Cook said Apple’s suppliers in Japan demonstrated “incredible resilience” after the earthquake and tsunami, and that the tragedy had no effect on the company’s Q2 operations or financials. He added that Q3 results would also not be affected, but warned analysts he could not predict effects beyond that period. Cook said the company would open 40 stores during fiscal 2011, with “nearly” 30 of those outside the United States. He confirmed a fifth store for China, but did not say where it would be located. CEO Peter Oppenheimer mentioned the retail stores introduced the Personal Setup the in January, and that the stores set up 1 million products during the quarter.
Check the charts and graphs Web page for all the financial figures.
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Meanwhile, us retail workers are doing all the hard work and getting paid shit and being scheduled so few hours. Soon we’ll all be on government assistance like the people at Walmart. Once you drink the Kool-Aid it turns into stank piss.
Thanks for leading off the comments of this monumental achievement with your pissin’ and moaning. Perhaps again, we should all discuss how ‘horrible’ it is to be an Apple Retail employee – griping, complaining, whining, and crying foul. Heaven forbid you entitled employees take responsibility for your life, your career, and your decision to accept and maintain employment at Apple. If you don’t like it, Retail Guy, L-E-A-V-E. But don’t make us all miserable listening to your sad story that you could easily remove yourself from.
It’s a monumental failure that Apple continues to “fire on all cylinders” and produce monumental results each successive quarter while neglecting the very people that contribute to that success every day. Some of us are quite fortunate to have jobs at all in this economy and don’t want to be seen as “job hoppers” in the hopes it’ll be better somewhere else. Know that something IS being done about it.
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