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China now home to Apple's most visited stores as retail earns $3.9B

post #1 of 31
Thread Starter 
Apple's retail stores had yet another impressive quarter earning $3.85 billion over the holidays, with the success by four locations in China that bring in the most traffic and highest revenue for the iPhone maker.

Apple executives spoke about the company's retail growth in a conference call following their quarterly earnings report on Tuesday. Apple's retail sales accounted for about $3.85 billion in revenue in the quarter, a total 95 percent larger than a year before.

For the first time ever, retail segment margin exceeded $1 billion, and more than doubled from the $481 million in the same quarter in fiscal 2010. Apple's stores hosted a record 75.7 million visitors, up 49 percent from the 50.9 million visitors a year prior.

As has been the case for some time, more than half of all Macs sold in stores were to customers that had never owned a Mac before. But the real story of Apple's stores is internationally, where stores, on average, see even more customers than in the U.S.

"Our four stores in China were, on average, our highest traffic and our highest revenue stores in the world," Apple Chief Financial Officer Peter Oppenheimer said on Tuesday. The company has 323 stores worldwide, with 87 of them outside of the U.S.

Apple opened its first retail store in China in 2008. Though the company only has four locations in the nation of over 1 billion people, it has plans to aggresively expand and open a total of 25 stores.



Last July, Apple opened a new flagship store in Shanghai which is marked by a giant glass cylinder leading to the underground store. The location routinely draws crowds as Apple's products, like the iPhone and iPad, find great success in China.
post #2 of 31
They are definitely putting the stores in the right places then..... this is pretty amazing news, but then again China's nouveau rich have money because we keep getting all our stuff manufactured there. At least Apple is grabbing some of it back.... Rock on guys!!
post #3 of 31
I wish we had a way to pull up all the troll's posts that wrote here that in China people had no money and Apple was wasting its time!
Been using Apple since Apple ][ - Long on AAPL so biased
nMac Pro 6 Core, MacBookPro i7, MacBookPro i5, iPhones 5 and 5s, iPad Air, 2013 Mac mini, SE30, IIFx, Towers; G4 & G3.
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Been using Apple since Apple ][ - Long on AAPL so biased
nMac Pro 6 Core, MacBookPro i7, MacBookPro i5, iPhones 5 and 5s, iPad Air, 2013 Mac mini, SE30, IIFx, Towers; G4 & G3.
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post #4 of 31
What China makes, the world takes- including China.
post #5 of 31
Maybe Apple could open a factory outlet store.
They spoke of the sayings and doings of their commander, the grand duke, and told stories of his kindness and irascibility.
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They spoke of the sayings and doings of their commander, the grand duke, and told stories of his kindness and irascibility.
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post #6 of 31
Is it just me or is this another amazing opportunity. Highest traffic ever, amazing mix of products, Mac ap store.... Is it finally time to create a Mac for the common man maybe a 15 in iMac again or a bundle with the Mac mini that allows people that can't spend 2100 on a new Mac a chance to see what the rest of us already know.
post #7 of 31
Quote:
Originally Posted by digitalclips View Post

I wish we had a way to pull up all the troll's posts that wrote here that in China people had no money and Apple was wasting its time!

Or that Japan and S. Korea have such advanced cellphones that the pathetic iPhone would make an impact.


Quote:
Originally Posted by addabox View Post

Maybe Apple could open a factory outlet store.

<inserts punchline drum roll>
Dick Applebaum on whether the iPad is a personal computer: "BTW, I am posting this from my iPad pc while sitting on the throne... personal enough for you?"
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Dick Applebaum on whether the iPad is a personal computer: "BTW, I am posting this from my iPad pc while sitting on the throne... personal enough for you?"
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post #8 of 31
Lenovo's Chairman once said that Steve Jobs doesn't care about China, and that if he did they'll all be in trouble..

It looks like Apple really cares about China.
post #9 of 31
Chinese Apple store still shows no supply for iPhone 4. Therefore we have no idea what sales could be.
post #10 of 31
Quote:
Originally Posted by digitalclips View Post

I wish we had a way to pull up all the troll's posts that wrote here that in China people had no money and Apple was wasting its time!

He he... I wish some clever Dick with too much time on his hands would create a very clever page that could pull up all the naysayers and their relevant comments on any given topic. The iPad dissers would make the biggest group by far. Not that I keep tabs (really, I have a life) but I am sure there are many regular posters here that would hate for any such page to ever appear.
As for the usual trolls (children of TechStud), there is no point... cough cough [points to signature]
post #11 of 31
Quote:
Originally Posted by Midwestmacguy View Post

Is it just me or is this another amazing opportunity. Highest traffic ever, amazing mix of products, Mac ap store.... Is it finally time to create a Mac for the common man maybe a 15 in iMac again or a bundle with the Mac mini that allows people that can't spend 2100 on a new Mac a chance to see what the rest of us already know.

15" iMac Air $599
-no optical drive
-64 GB SSD
-320 GB HD

17" iMac Air $799
-no optical drive
-128 GB SSD
-500 GB HD
post #12 of 31
Quote:
Originally Posted by paxman View Post

He he... I wish some clever Dick with too much time on his hands would create a very clever page that could pull up all the naysayers and their relevant comments on any given topic. The iPad dissers would make the biggest group by far.

Here you go:

http://www.asymco.com/2010/03/09/music-sweet-music/
post #13 of 31
Quote:
Originally Posted by Johnny Mozzarella View Post

15" iMac Air $599
-no optical drive
-64 GB SSD
-320 GB HD

17" iMac Air $799
-no optical drive
-128 GB SSD
-500 GB HD


Just like that!!!
post #14 of 31
Seems like everything this week is about China. CNN and Apple are crazy about China.
Apple had me at scrolling
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Apple had me at scrolling
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post #15 of 31
it was about time..
sent from my... internet browser of choice.
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sent from my... internet browser of choice.
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post #16 of 31
Quote:
Originally Posted by iVlad View Post

Seems like everything this week is about China. CNN and Apple are crazy about China.

Uh-huh.

There just happens to be a minor state visit that some people might be paying attention to....
post #17 of 31
post #18 of 31
Steve, get well soon!
post #19 of 31
Quote:
Originally Posted by Wurm5150 View Post

Lenovo's Chairman once said that Steve Jobs doesn't care about China, and that if he did they'll all be in trouble..

It looks like Apple really cares about China.

Yup. I wonder if Lenovo's Chairman has been uninstalled yet.

Sent from my iPhone Simulator

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Sent from my iPhone Simulator

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post #20 of 31
Quote:
Originally Posted by Johnny Mozzarella View Post

15" iMac Air $599
-no optical drive
-64 GB SSD
-320 GB HD

17" iMac Air $799
-no optical drive
-128 GB SSD
-500 GB HD

And then there's the refurbished iPads < US $450.
post #21 of 31
Quote:
Originally Posted by digitalclips View Post

I wish we had a way to pull up all the troll's posts that wrote here that in China people had no money and Apple was wasting its time!

Well there were quite a few of them in this recent thread:

http://forums.appleinsider.com/showthread.php?t=115922

I've voiced my opinion on this subject there as well, but this excerpt pretty much sums things up:

"I feel that Apple is about to reach a tipping point in China - nearly everyone that plays with my iPad ends up buying one for themselves (or asks me to bring them one from the US). Apple obviously realizes the same and it's why they are planning to open so many stores across China next year. And it's not just iPhones and iPads that are selling well - from talking with staff at the Apple store, the new MacBook Airs are hot sellers too."
post #22 of 31
Quote:
Originally Posted by iLiver View Post

What China makes, the world takes- including China.

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whats in a name ? 
beatles
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post #23 of 31
Quote:
Originally Posted by brianloftus View Post

Chinese Apple store still shows no supply for iPhone 4. Therefore we have no idea what sales could be.

In fact I heard that the iPhone 4 is 6 months backordered here.
post #24 of 31
Quote:
Originally Posted by skiracer1987 View Post

They are definitely putting the stores in the right places then..... this is pretty amazing news, but then again China's nouveau rich have money because we keep getting all our stuff manufactured there. At least Apple is grabbing some of it back.... Rock on guys!!

It's not just the new rich, I think a lot of folks in the west don't understand that even the "common" folks here are willing to spend 1 or 2 months of their salary on a hot tech gadget such as an iPhone or iPad. Once Apple gets established here (through the opening of new stores across China in a year or two), the numbers will absolutely knock your socks off. I can see Apple stock hitting $1000 in 2 years, seriously.
post #25 of 31
Quote:
Originally Posted by Wurm5150 View Post

Lenovo's Chairman once said that Steve Jobs doesn't care about China, and that if he did they'll all be in trouble..

It looks like Apple really cares about China.

Red rag to a bull, methinks.
post #26 of 31
Quote:
Originally Posted by AIA View Post

In fact I heard that the iPhone 4 is 6 months backordered here.

Indeed, you still have to get on a waiting list to get one here in Beijing.

I don't really understand why...but there you go. You can still go buy a grey market Hong Kong one in the electronics markets though. Very bizarre situation. I'd think Apple woud be increasing the amount here, but maybe they're trying to keep inventory scarcity as some kind of strategy for introducing the Chinese to how amazing their products are, or whatever.
post #27 of 31
Quote:
Originally Posted by paxman View Post

He he... I wish some clever Dick with too much time on his hands would create a very clever page that could pull up all the naysayers and their relevant comments on any given topic. The iPad dissers would make the biggest group by far. Not that I keep tabs (really, I have a life) but I am sure there are many regular posters here that would hate for any such page to ever appear.
As for the usual trolls (children of TechStud), there is no point... cough cough [points to signature]

Quote:
Originally Posted by willychu View Post

Here you go:

http://www.asymco.com/2010/03/09/music-sweet-music/



Great, a must read!

"A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools." Douglas Adams

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"A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools." Douglas Adams

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post #28 of 31
Quote:
Originally Posted by AIA View Post

It's not just the new rich, I think a lot of folks in the west don't understand that even the "common" folks here are willing to spend 1 or 2 months of their salary on a hot tech gadget such as an iPhone or iPad. Once Apple gets established here (through the opening of new stores across China in a year or two), the numbers will absolutely knock your socks off. I can see Apple stock hitting $1000 in 2 years, seriously.

True enough. Having the hottest, newest thing has really spread like wildfire in China. They will eventually outspend the Japanese on consumer products.

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #29 of 31
Quote:
Originally Posted by Midwestmacguy View Post

.... Is it finally time to create a Mac for the common man maybe a 15 in iMac again or a bundle with the Mac mini that allows people that can't spend 2100 on a new Mac a chance to see what the rest of us already know.

"The common man" has already voted .... it's called an iPad!
See, in the record business, you can show someone your song, and they don’t copy it. In the tech business, you show somebody your idea, and they steal it. (Jimmy Iovine)
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See, in the record business, you can show someone your song, and they don’t copy it. In the tech business, you show somebody your idea, and they steal it. (Jimmy Iovine)
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post #30 of 31
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post #31 of 31
Quote:
Originally Posted by suzerain View Post

Indeed, you still have to get on a waiting list to get one here in Beijing.

I don't really understand why...but there you go. You can still go buy a grey market Hong Kong one in the electronics markets though. Very bizarre situation. I'd think Apple woud be increasing the amount here, but maybe they're trying to keep inventory scarcity as some kind of strategy for introducing the Chinese to how amazing their products are, or whatever.

I think it's just the simple matter of supply not being able to keep up with demand. And Apple has decided that a shortgage in China will cause less damage than shortages elsewhere, especially since those other places were plagued with shortgages early on and have now reached supply/demand equilibrium (I'm thinking specifically of the US and HK). IMHO, this is good news that they underestimated the demand from China.

BTW, grey market iPhone 4s from HK are currently selling for over 6000 RMB.
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