It’s undeniable that Apple is still steamrolling the tech industry with its success. Not only has the company recently become the most valuable company in history, it has also managed to create a retail success on top of its must-have technology empire.
Jim Dalrymple of The Loop recently spoke with Apple and, surprisingly, the company opened up to him about the success of its Apple Stores. According to a blog post on The Loop, Apple Stores have seen 300 million visitors worldwide since the the beginning of the fiscal year 2012 (October 2011). Dalrymple continues:
There is also an interesting data point from Apple’s retail Genius Bar. According to the company, 50,000 people get serviced at a Genius Bar around the world, every single day. That’s a lot of appointments.
A lot indeed. And that sort of in-store traffic has translated to a ton of sales. According to a New York Times story from this past June, Apple Stores make more money per square foot of retail space than any other U.S. retailer. The Times states that Apple Stores sold $16 billion worth of Apple products last year.
What’s the upshot of all this except to marvel at the unprecedented success and speculate on how long it will last? Well, for one, expect long Apple Store lines come September, when Apple is expected to sell an unbelievable 250 million iPhone 5 devices.