iPhone 4S launch sent Apple Store sales skyrocketing

By on February 6, 2012 at 7:10 PM.

iPhone 4S launch sent Apple Store sales skyrocketing

Apple Stores are often busy and with the release of new iPhones and iPads, Apple’s retail locations become bombarded with waves of excited customers. According to Needham & Company analyst Charlie Wolf, the launch of the iPhone 4S sent Apple Store sales to record heights during the holiday quarter. In the fourth quarter of 2011, revenue per store reached $17.08 million, a 42.6% increase over the same quarter in 2010. The average number of visitors per store was up 15.3% annually and sales per square foot reached $2,033 for the quarter — by comparison, the company’s nearest retail rival Tiffany & Co. saw sales of $2,974 per square foot last quarter, Fortune noted. Apple currently has 361 retail locations with 40 more planned for 2012, 30 of which will open overseas. The company currently has five locations in China and is looking to increase that number to 25 within the next three years. More →

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Foxconn to build five new Brazilian factories for future Apple products

By on January 31, 2012 at 9:30 PM.

Foxconn to build five new Brazilian factories for future Apple products

Foxconn plans to build five additional factories in Brazil to produce liquid crystal displays for future Apple products. The plan was announced by the Secretary of Planning and Development for the State of São Paulo, Julio Semeghini, and reported by Brazilian news outlet, Folha. The five factories are in addition to the one already believed to producing iPads and iPhones, and each is reportedly set to employ roughly 1,000 workers. In addition to building Apple products, the factories will also manufacture notebooks, batteries and general electronics products. Officials from both Foxconn and the Brazilian government are said to be meeting to finalize the agreement soon, which São Paulo and neighboring states are rallying for. “We are awaiting the return of the executives of the Chinese New Year celebrations for taking up the negotiations,” said Semeghini. More →

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