Apple expects to have 100 own-brand retail stores open by the end of 2004, the company revealed last night.
Company chief financial officer Peter Oppenheimer said the company is "looking forward" to opening its next two international retail stores in the quarter, one in Osaka, the other on London's Regent Street.
As of the end of its third quarter, the company has 80 stores, which drew $270 million in revenues. He described the average quarterly revenue per store in the quarter (assessed on a basis of 79 stores being open in the period) as $3.4 million per store.
"Up from $2.6 million in the year-ago quarter, a 31 per cent increase," Oppenheimer said.
The retail outlets contributed $7 million in segment profit and $48 million in additional manufacturing margin. The stores attracted 5.8 million visitors - or "5,600 visitors per store per week," he said.
Apple has also seen success in US education sales, which climbed 4 per cent year-on-year. The company's educational revenues grew 16 per cent, which Oppenheimer describes as Apple's highest educational revenue for three years."
Apple's US higher education sales grew 40 per cent year-on-year, the company's third consecutive quarter of growth. The company's K12 sales grew 3 per cent, and one-on-one deals such as that with the US State of Maine "continue to have success." Oppenheimer said.