Apple’s Fifth Avenue Store a Revenue Driver

By  |  Wednesday, June 3, 2009 at 10:56 am

applestoreFor anybody who’s been to an Apple Store, the company’s location on Fifth Avenue in New York City is quite the spectacle. Whether it’s the exquisitely-designed glass cube that is the store’s entrance, or the fact you can buy an iPod at 4 a.m., it’s always buzzing with activity.

Thanks to some sleuthing from the New York Post, we now have specifics. A prospectus for the GM Building, which was sold to a Boston-based group last year, listed $440 million in annual sales for the location. If correct, this would be about 10 times higher than the average store.

Furthermore, with $6.3 billion in revenue across the entire chain, it means that 7 percent of Apple’s retail revenues come from this one store. Pretty impressive, eh?

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