Apple Planning Huge New Retail Store in the Heart of Madrid?
Spanish newspaper El Pais reports [Google translation] that the mayor of Madrid has announced that Apple will occupy the entirety of a landmark building in the center of the city on the Puerta del Sol, snapping up 6,000 square meters (~65,000 square feet) of space. The building, famous for its large neon sign advertising popular sherry brand Tio Pepe that has temporarily been removed for restoration during the building's renovation, includes seven floors plus a basement and was built in 1863.
Apple's interest in the building is not new, but previous reports had suggested that Apple would occupy only the lower one or two floors with earlier hotel uses being maintained on the upper floors. Today's announcement reveals, however, that Apple, the building's owners, and the city have come together to forge an agreement that will see Apple taking the entire space.
It is unlikely that Apple will devote the entire seven floors to retail store space, presumably using some of the upper floors for office space to support the company's operations in the region, so it is currently unknown just how large the retail space will be. Apple's largest stores currently check in at up to around 25,000 square feet. Restoration work on the building is scheduled to wrap up by October or November of this year, with the Apple retail store opening at an unannounced date after that time.
Apple currently operates two retail stores in Spain, with one of them being a typical mall-based store located on the outskirts of Madrid.
Popular Stories
Apple today launched its annual "Back to School" promotion for college/university students in the United States and Canada. This year's promotion offers a free Apple gift card with the purchase of an eligible Mac or iPad, rather than free AirPods like last year. Apple is also offering students 20% off AppleCare+ plans during the promotion.
Apple is offering a $150 gift card with the purchase ...
iPhone 14 Pro models are widely expected to feature always-on displays that allow users to view glanceable information without having to tap to wake the screen. In the latest edition of his Power On newsletter for Bloomberg, Mark Gurman said the feature will include support for iOS 16's new Lock screen widgets for weather, fitness, and more.
"Like the Apple Watch, the iPhone 14 Pro will be...
In the latest edition of his Power On newsletter for Bloomberg, Mark Gurman outlined additional M2 Macs on Apple's product roadmap, including new Mac mini models with M2 and M2 Pro chips, new 14-inch and 16-inch MacBook Pro models with M2 Pro and M2 Max chips, and a new Mac Pro tower with M2 Ultra and "M2 Extreme" chips.
Following the M2 series of Macs, Gurman said the first M3 series of...
Following the launch of Apple's new 13-inch MacBook Pro with the M2 chip, it has been discovered that the $1,299 base model with 256GB of storage has significantly slower SSD read/write speeds compared to the equivalent previous-generation model.
YouTube channels such as Max Tech and Created Tech tested the 256GB model with Blackmagic's Disk Speed Test app and found that the SSD's read and...
TSMC will manufacture Apple's upcoming "M2 Pro" and "M3" chips based on its 3nm process, according to Taiwanese industry publication DigiTimes.
"Apple reportedly has booked TSMC capacity for its upcoming 3nm M3 and M2 Pro processors," said DigiTimes, in a report focused on competition between chipmakers like TSMC and Samsung to secure 3nm chip orders. As expected, the report said TSMC will...
The next-generation AirPods Pro could come with a long list of new features that include heart rate detection, the ability to function as a hearing aid, and a USB-C port according to a report from 52Audio.
The site claims that it has received new information on the AirPods Pro 2, and it has used that information to provide some renders on what the earbuds might look like. Design wise, there...
Polish developer Michał Gapiński has released a new and improved version of his "Tesla Android Project" which brings Apple's CarPlay experience to more Tesla vehicles than ever before.
According to Gapiński, version 2022.25.1 provides "100% functional CarPlay integration for any Tesla," and comes with several new features and bug fixes.
The project now supports DRM video playback so that...
Top Rated Comments
Spain has also one of the 12 largest economies in the world. And yes, their economy is in a recession. But I guess Apple should have also frozen their store openings in the USA since we also are going through a recession and are going through a relatively high (historically) unemployment rate.
Recessions and economic downturns are a great time for corporations with cash to expand and increase market share/presence. Among other things, because property and assets are much cheaper than when the economy is booming. If the Spanish economy was going at full speed now, that place in the center of madrid would cost orders of magnitude more. As it is, Apple is getting a great real estate deal, in the center of one of Wester Europe's largest cities.
Yawn, these "no offense, I have nothing against (insert minority name here), I have a friend who is (minority name), I just don't want a (minority name) dating my daughter" arguments are such a predictable chickeshit way of trying to get away with BS.