Apple announced its Q3 2013 earnings on Tuesday and during a conference call, it revealed that its retail stores brought in nearly $4.1 billion in revenue, a 22 percent decrease from the previous quarter, but unchanged from the same time last year.
It is striking to note that the company’s retail stores didn’t make a dent in its year-over-year revenue. Perhaps it was because in Q3, Apple saw a strong growth in the sale of iPhones, but a decrease in iPads purchases. Apple’s CEO Tim Cook said in a statement:
We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services. We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014.
Apple says that they opened six new stores in five countries and hope to open nine more in the September quarter. To date, the company has 408 stores with 156 outside the United States. Company CFO Peter Oppenheimer says that the average revenue per store was $10.1 million compared to $11.1 million in the year-ago quarter.
Company stores are seeing 16,000 visitors per store each week.
Photo credit: Spencer Platt/Getty Images
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