Apple Ranked as Fastest-Growing Major Retailer in U.S.

Earlier this week, USA Today reported on research from retail sales analyst David Berman ranking Apple as the fastest-growing major retailer in the United States during the first quarter of this year, boosting its domestic sales by 80% over last year's numbers.

boylston street store
Calling Apple's sales "mind-boggling", Berman notes that Apple's brick-and-mortar retail stores are even outpacing the company's overall performance, growing by 90% year-over-year.

That increase accounted for one-fifth of all sales growth by publicly traded retailers in the U.S., according to a recent analysis of sales trends by retail sales expert David Berman. In part, that's a reflection of poor sales among most retailers. But it also highlights how Steve Jobs' technology giant is grabbing a big slice of market share in everything from smartphones to PCs.

Apple's year-over-year U.S. sales growth of $4.6 billion for the first quarter was followed by Amazon and Wal-Mart, with total sales growth from public retailers coming in at $23.2 billion.

Apple is set to announce its financial results for the second calendar quarter (third fiscal quarter) of the year next Tuesday, July 19th.

Top Rated Comments

elkk Avatar
142 months ago
Apple: 1
Recession: 0
Score: 14 Votes (Like | Disagree)
FriarNurgle Avatar
142 months ago
Score: 12 Votes (Like | Disagree)
RalfTheDog Avatar
142 months ago
Apple stores are a monopoly and should be shut down. I went to the Apple store to pick up a Dell and a Galaxy Tab the other day, they did not have either one. How can they get away with not selling their compeditors products and doing so at a loss so they are all cheaper than the Apple versions.

Apple quality is also anti competitive. They should be forced to have a larger number of defective units. While they are at it, how about letting their competitors write their advertising for them. Can we pass a law making Apple products ugly?
Score: 10 Votes (Like | Disagree)
hobo.hopkins Avatar
142 months ago
How is this good again?
Maybe because by not being overwhelmingly negatively affected by the recession they have been able to produce products that individuals wish to purchase.

Or maybe because they employ ~50,000 people? They all get to keep their jobs?
Score: 9 Votes (Like | Disagree)
DaveDaveDave Avatar
142 months ago
Are you serious? They're corporate stores not a best buy.

Seriously, do you seriously think he's serious? In all seriousness, you need to find your funny bone and wake it up! :)
Score: 7 Votes (Like | Disagree)
mr.steevo Avatar
142 months ago
I should have bought Apple stock in 1997 when Steve Jobs returned and it was $5 before all the splits.

Oh well.
Score: 7 Votes (Like | Disagree)

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