REPORT: Apple Inc. (AAPL) Hits Record Revenue Per Customer Figures
Apple Inc. (NASDAQ:AAPL) reported in the first quarter that the average revenue per store was around $13 million. This is the highest level for a non-holiday quarter. According to Asymco, Apple hit a record $57.60 in revenues per visitor with around $12 of that figure being profit. Apple is outperforming all other retailers on a per-square-foot basis in the U.S. by a large margin too.
Apple earns twice as much per square foot than Tiffany & Co., the second largest U.S. retailer. They are three times as high as the third-most lucrative retailer Lululemon Athletica. The company’s average revenues per visitor will increase as they continue to expand internationally, especially to China. Apple will have 11 total retail stores opened in China very soon.
In the past quarter, there was a 7% growth in visitors, according to Asymco:
This chart shows the growth of Apple’s store sales per quarter. You will notice that it has jumped up from $5 million in Q1 2007 to $13 million in Q1 2013: