Apple Stores Growing in Revenue

Apple Inc. (Cupertino, Calif.) may be getting bruised on Wall Street and in Congress, but a recent report showed the company’s retail stores are bringing in more money per visitor than ever.

Asymco, a research company that follows the digital technology industry, found that each Apple store was bringing in $13 million in revenue a quarter on average. In Apple’s latest quarter, its stores had growth of 7 percent in visitors, and record revenue of $57.60 from each visitor.

Asymco founder Horace Dediu noted that the average number of visitors for each store is 250,000 a quarter, up from 170,000 a quarter in 2010. That might be because Apple increased floor space in its newer stores, he speculated, and in renovations of older stores to accommodate more customers.