AppleInsider | 5th Avenue store brings Apple $440 million per year

Apple stores are always high on the list of revenue producers, but this does seem pretty high even for them. Whatever the actual number (if $440 million isn't accurate), they certainly have been doing great numbers at retail. As we covered earlier at Experience Manifesto: Economy isn't slowing Apple's building plans - USATODAY.com, they're going all out to both add stores and re-do existing stores and continue to enhance their retail experiences. I for one will be looking forward to what they do with their redesign. I have some thoughts if anyone from Apple wants to talk.

Apple's two largest New York City retail stores are now known to be some of the town's largest retail cash cows, with the 5th Avenue flagship alone having drawn in $440 million in one year.

Upon looking at prospectuses showing the value of various properties in New York City's most important shopping district, the New York Post discovered the iconic store's extremely high yearly revenue and noted that it was much higher than some other stores along 5th Avenue. Clothing boutique chain Zara's store just a few blocks south, for example, is believed to take in 'just' $25 million per year.

Location is said to play a significant part for the store, which is located directly at the corner of Central Park, but isn't regarded as the only factor. Apple's SoHo store is located much further south in Manhattan but still collected $100 million in annual revenue, or four times the clothier's performance. Tourism is thought to contribute to the large the difference between the two Apple locations.

AppleInsider | 5th Avenue store brings Apple $440 million per year.

SPACE RACE ON FIFTH AVENUE - New York Post.