Needham: Apple stores to continue slow, steady growth
11/09, 10:35pm
Points-of-sale expansion cuts into store sales increases
Analyst Charlie Wolf from Needham & Company has told his clients in a new report that Apple Store revenues have not kept pace with the growth in Apple's overall business, but that this is because the company is continuing to expand its range of points-of-sale rather than any flaw in the management of the stores. With ever more places to buy Apple products, the need to specifically visit an Apple Store for purchases has been diminished. Nonetheless, the retail stores continue to show strong growth even in a dour economy.
