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iPad boosts Apple retail revenue 73%; new London store photographed

post #1 of 39
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Apple's retail store revenue increased 72.8 percent year over year to $2.58 billion in the June quarter, an increase attributed to consumer demand for the iPad. The company's retail expansion will continue this Saturday with the opening of its largest U.K. store in Covent Garden.

While visitors per store increased 38.7 percent in the three-month frame ending in June, and same-store Mac sales grew 21.8 percent, the real star of the show was the iPad, which helped non-Mac revenues grow 106.3 percent year over year. Analyst Charlie Wolf with Needham & Company on Wednesday issued a note to investors in which he detailed the role the iPad played in Apple's retail success last quarter.

"To place the ($2.58 billion) number in perspective, Apple Store revenues in June were greater than Apple's total quarterly revenues from the second quarter of fiscal 1996 through the fourth quarter of fiscal 2004," Wolf wrote.

Wolf has long referred to Apple's retail stores as the "fourth leg of the stool" in Apple's business model. That changed, he said in his latest note, with the iPad, which has joined the iPod, iPhone and Mac as a crucial element of the company's business. Still, he said, Apple's stores continue to represent a strong component of Apple, regardless of being overtaken by the iPad.

In all, Apple's stores accounted for 16.4 percent of the company's worldwide revenues in June, up slightly from the 15.3 percent they represented a year ago. Retail revenues have been on a decline since the second quarter of 2008, as iPhone sales through other channels, such as worldwide carrier partners, make up a larger portion of the company's sales.

First shots of Covent Garden London store

The latest retail store from Apple is set to open this Saturday, but electricpig.co.uk sent along pictures of the new store at Covent Garden in London. The two-story location stays true to the original architecture of the building, and the store will be the largest in the U.K.





post #2 of 39
Quote:
The company's retail expansion will continue this Saturday with the opening of its largest U.K. store in Covent Garden.

And there was me thinking that the Regents Street store was very big! Cool, can't wait to visit it.
post #3 of 39
Quote:
Originally Posted by RichL View Post

And there was me thinking that the Regents Street store was very big! Cool, can't wait to visit it.

Can't be seen in the shots here but it says its two storey so we need to see more!
post #4 of 39
Covent Garden is a cool spot and easily reached by Tube. In fact, isn't the Underground retail store there?
post #5 of 39
Not taking a dig at Microsoft, I'm their customer anyway, but anyone know about latest Microsoft store news? Haven't heard about it in quite a while.
Seems like even the press didn't ask about them last month.
post #6 of 39
Quote:
Originally Posted by matrix07 View Post

Not taking a dig at Microsoft, I'm their customer anyway, but anyone know about latest Microsoft store news? Haven't heard about it in quite a while.
Seems like even the press didn't ask about them last month.

Never say never but it seems to me the MS retail experiment was half hearted. It was as if no-one really took them seriously. Having said that - if their research shows the existing stores to be successful at whatever they set out to achieve (not necessarily direct sales) they may continue and expand. If not, they'll fold the experiment.
post #7 of 39
Quote:
Originally Posted by paxman View Post

Never say never but it seems to me the MS retail experiment was half hearted. It was as if no-one really took them seriously. Having said that - if their research shows the existing stores to be successful at whatever they set out to achieve (not necessarily direct sales) they may continue and expand. If not, they'll fold the experiment.

So I guess no news about new stores open lately then? How many are they exactly? 3? 4?
post #8 of 39
Quote:
Originally Posted by matrix07 View Post

Not taking a dig at Microsoft, I'm their customer anyway, but anyone know about latest Microsoft store news? Haven't heard about it in quite a while.
Seems like even the press didn't ask about them last month.

Sure. They just announced that they had their 10th customer last week.
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post #9 of 39
Quote:
Originally Posted by matrix07 View Post

So I guess no news about new stores open lately then? How many are they exactly? 3? 4?

No idea. The half heartedness of the enterprise inspired total disinterest. I wouldn't be interested anyway, so...
post #10 of 39
Quote:
Originally Posted by jragosta View Post

Sure. They just announced that they had their 10th customer last week.

Ouch! That hurts... Oh, Steve Ballmer... where are you? Asleep at the wheel again, I see.

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post #11 of 39
Quote:
Originally Posted by paxman View Post

No idea. The half heartedness of the enterprise inspired total disinterest. I wouldn't be interested anyway, so...

That also remind me why I have no idea myself.
post #12 of 39
Quote:
Originally Posted by paxman View Post

No idea. The half heartedness of the enterprise inspired total disinterest. I wouldn't be interested anyway, so...

There are currently 4 http://store.microsoft.com/Locations. They are 2 in Cali (Old Mission and Wale's Vagina) and 1 each in its suburbs of Arizona and Colorado.

BTW I Would love to visit MS store, especially if they had knowledgeable workers. Shopping for PCs for family and friends is terrible because selection in Best Buy et al is terrible and staff is technologically retarded, pushy and unhelpful. Yea, you can shop online, but some people just want to see the compns in person to understand what screen size, matte/unmatte, keyboard, slots, weight and so on they like.
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post #13 of 39
Quote:
Originally Posted by sheff View Post

There are currently 4 http://store.microsoft.com/Locations. They are 2 in Cali (Old Mission and Wale's Vagina) and 1 each in its suburbs of Arizona and Colorado.

BTW I Would love to visit MS store, especially if they had knowledgeable workers. Shopping for PCs for family and friends is terrible because selection in Best Buy et al is terrible and staff is technologically retarded, pushy and unhelpful. Yea, you can shop online, but some people just want to see the compns in person to understand what screen size, matte/unmatte, keyboard, slots, weight and so on they like.

Their stores look really nice, more business-like. It will be more attractive when WP7 arrive I'm sure. They're also showing off Surface which is kinda cool.
But from the pictures it's kinda empty.
post #14 of 39
So this one is bigger than the large Regent Street store and is only 1 mile away from it? That's crazy. That said, the Regent Street store is so busy these days it looks like they're always having a product launch.
post #15 of 39
Quote:
Originally Posted by matrix07 View Post

Not taking a dig at Microsoft, I'm their customer anyway, but anyone know about latest Microsoft store news? Haven't heard about it in quite a while.
Seems like even the press didn't ask about them last month.

4 stores

see this:

http://news.cnet.com/8301-13860_3-20001565-56.html

and especially this:

http://www.pcworld.com/article/15952...le_stores.html

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post #16 of 39
Quote:
Originally Posted by sheff View Post

There are currently 4 http://store.microsoft.com/Locations. They are 2 in Cali (Old Mission and Wale's Vagina) and 1 each in its suburbs of Arizona and Colorado.

BTW I Would love to visit MS store, especially if they had knowledgeable workers. Shopping for PCs for family and friends is terrible because selection in Best Buy et al is terrible and staff is technologically retarded, pushy and unhelpful. Yea, you can shop online, but some people just want to see the compns in person to understand what screen size, matte/unmatte, keyboard, slots, weight and so on they like.

Three more stores coming in WA, MN & IL: http://seattletimes.nwsource.com/htm...softfam30.html

"To reach consumers, Ballmer said Microsoft will open three more retail stores: in Bellevue Square, the Mall of America in Minnesota and Oakbrook Center in suburban Chicago."
post #17 of 39
Quote:
Originally Posted by poke View Post

So this one is bigger than the large Regent Street store and is only 1 mile away from it? That's crazy. That said, the Regent Street store is so busy these days it looks like they're always having a product launch.

Does that mean they're walking distance from each other?
post #18 of 39
Just don't get the Microsoft stores. They tried one in the Metreon store in SF, when it opened - at the time, it was a hot spot. It was pointless. Why visit a store that is redundant? Just visit Fry's or Best Buy. It ended up being a disaster (as did the whole Sony Metreon experiment). Only people in the store were a couple of teenagers playing xbox. (once again, you can play all the platforms at Fry's to try then all out). Maybe the only reason for having a Microsoft store is that you may actually be able to talk to a live person for tech support (good luck with that). And somehow, Genius bar and Microsoft are so wrong together, so what will Microsoft call their "tech/customer support" area - Second Fiddle Support/Also Ran Support/So Not-asleep-at-the-wheel Support? Nah...Soft Support (sounds like a comfort bra, however, or a Microsoft supported Depends product (sorry bout that- it has been a slow morning, and I sooooo love to bash MS)
post #19 of 39
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Originally Posted by benice View Post

Does that mean they're walking distance from each other?

It's less than a mile and an easy walk, so yes.

Answering the earlier question, yes the London Underground museum (and shop) are in Covent Garden. But you'd have a hard time finding anywhere in central London that isn't easily reachable by tube.
post #20 of 39
Quote:
Originally Posted by Dick Applebaum View Post


and especially this:

http://www.pcworld.com/article/15952...le_stores.html

.

That almost fooled me! LOL
post #21 of 39
Quote:
Originally Posted by poke View Post

So this one is bigger than the large Regent Street store and is only 1 mile away from it?

Less than a 20 minute walk if you believe Google Maps.

Quote:
That said, the Regent Street store is so busy these days it looks like they're always having a product launch.

Oh yes, it's crazy in there. There always seems to be about 50 Apple staff on the floor but the queues for everything are still very long.

I think London could easily accommodate another 2-3 stores.
post #22 of 39
Quote:
Originally Posted by duaneu2 View Post

Three more stores coming in WA, MN & IL: http://seattletimes.nwsource.com/htm...softfam30.html

"To reach consumers, Ballmer said Microsoft will open three more retail stores: in Bellevue Square, the Mall of America in Minnesota and Oakbrook Center in suburban Chicago."

Ah... look like they still keep going.
post #23 of 39
Quote:
Originally Posted by eAi View Post

It's less than a mile and an easy walk, so yes.

Answering the earlier question, yes the London Underground museum (and shop) are in Covent Garden. But you'd have a hard time finding anywhere in central London that isn't easily reachable by tube.

Thanks. Sounds really good.
post #24 of 39
Quote:
Originally Posted by sheff View Post

There are currently 4 http://store.microsoft.com/Locations. They are 2 in Cali (Old Mission and Wale's Vagina) and 1 each in its suburbs of Arizona and Colorado.

BTW I Would love to visit MS store, especially if they had knowledgeable workers. Shopping for PCs for family and friends is terrible because selection in Best Buy et al is terrible and staff is technologically retarded, pushy and unhelpful. Yea, you can shop online, but some people just want to see the compns in person to understand what screen size, matte/unmatte, keyboard, slots, weight and so on they like.


There's a place called 'Wale's Vagina'?!
post #25 of 39
Quote:
Originally Posted by matrix07 View Post

Their stores look really nice, more business-like. It will be more attractive when WP7 arrive I'm sure. They're also showing off Surface which is kinda cool.
But from the pictures it's kinda empty.

Really? I'd kind of like to see the Surface, but chances are I won't be travelling to any of those few stores anytime soon. It's too bad that never caught on as a product to be used in the real world...
post #26 of 39
"Wolf has long referred to Apple's retail stores as the "fourth leg of the stool" in Apple's business model."

Mac, iPhone, iPod, iPad, Apple TV, iTunes store, retail stores - sounds like we need a second stool.
post #27 of 39
Quote:
Originally Posted by RichL View Post

And there was me thinking that the Regents Street store was very big! Cool, can't wait to visit it.

Actually, my understanding was that this will now be the largest Apple Store at this point; Period.
post #28 of 39
Quote:
Originally Posted by Kyle76 View Post

Covent Garden is a cool spot and easily reached by Tube. In fact, isn't the Underground retail store there?

"The Tube"? Is this Futurama?

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post #29 of 39
Think the store looks great but cant believe the Apple logo hanging outside! Looks great viewed the right way- but terrible design to have it back-to-front from the other angle.

Think it would have been much better had the logo cutout been an illuminated white solid, with the logo the right way round from both sides...
post #30 of 39
Isn't Regent Street supposed to be the largest one in europe; or even the world? So this can't be bigger?
post #31 of 39
Quote:
Originally Posted by jasonfj View Post

There's a place called 'Wale's Vagina'?!

I believe it was an Anchorman reference. One of my favourite movies....

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post #32 of 39
Quote:
Originally Posted by jasonfj View Post

There's a place called 'Wale's Vagina'?!

lol no. Old mission is English for Mission Viejo, while Ron Burgandy (Anchorman movie) translated San Diego as "Whale's Vagina" (instead of Saint Diego). The name kinda stuck, but you are in LA, you should know this.

http://www.youtube.com/watch?v=TNCNdoM06xQ
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post #33 of 39
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Originally Posted by duaneu2 View Post

Three more stores coming in WA, MN & IL: http://seattletimes.nwsource.com/htm...softfam30.html

"To reach consumers, Ballmer said Microsoft will open three more retail stores: in Bellevue Square, the Mall of America in Minnesota and Oakbrook Center in suburban Chicago."

Damn it of course they would go to western burbs. Where is the love for northern burbs or chicago itself? We have an apple store after all.
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post #34 of 39
I thought London's Regent Street store was already the largest in the world?
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post #35 of 39
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Originally Posted by Suddenly Newton View Post

"The Tube"? Is this Futurama?

The Tube is what the London Underground is informally called by Londoners, including Transport for London who operate it. The tunnels look like (are) large round tubes.
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post #36 of 39
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Originally Posted by RichL View Post

Oh yes, it's crazy in there. There always seems to be about 50 Apple staff on the floor but the queues for everything are still very long.

I think London could easily accommodate another 2-3 stores.

Are you thinking in addition to the five stores already present? (Whilst Kingston isn't labelled as a London store it is within the Greater London area and does have a London phone number).

I've been to three of the five stores in London (Regent St, Westfield and Brent Cross) and they are all quite busy, not just around the demo units but with people purchasing at the tills. I'm very impressed by the conduct of the Apple Store staff; they are all welcoming, they know their stuff and are helpful. It makes it a joy to visit their stores. So it comes to me as no surprise that they're doing well and consequently Apple is doing well too.
post #37 of 39
As for the success of Microsoft's retail endeavours, well the fact there are currently more Apple stores in London alone than Microsoft stores in the USA speaks for itself...

Compared to Apple's Global Store programme, Microsoft's efforts are no more than a retail rounding error.
post #38 of 39
Quote:
Originally Posted by ChiA View Post

Are you thinking in addition to the five stores already present?

Yes. I'd vote for the City, Islington and Stratford (once the new shopping centre next to the Olympic Park is built).
post #39 of 39
Quote:
Originally Posted by isaidso View Post

Actually, my understanding was that this will now be the largest Apple Store at this point; Period.

I believe it will now be the largest Apple store in the world as Regent Street has always held that title (although it did lose it briefly but then it expanded it's first floor (second floor for Americans) and got the title back). Only problem is the Covent Garden store is going to be totally rammed every minute of the day as it's bad enough trying to walk through there daily with all the tourists!
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