Apple to open 25 new stores in fiscal 2015

Apple

Apple CEO Tim Cook – announcing the Q4 2014 result – said it would open approximately 25 new stores in fiscal 2015.

Out of 25 new Apple stores, about three quarters of will be outside the U.S. “We also plan to remodel about five stores over the course of the year,” Cook said.

The iPhone maker did not share country-specific details. The company has 437 Apple retail stores in 15 countries at present.

ALSO READ: Apple Q4 revenue up 12% supported by 21% growth in iPhones

Apple CEO during an analyst call said that with an average of 432 stores opened in the September quarter average revenue per store was $11.9 million compared to $10.9 million in the year ago quarter. Apple hosted 102 million visitors to our stores during the quarter, which translates to over 18,000 visitors per store per week.

Apple

The company has launched new iPhones in 32 countries including China and new iPhones will be shifting in 69 countries and territories by the end of this month, making this the fastest and most successful iPhone launch ever.

Demand for the new iPhones has been staggering and geographically broad-based markedly higher in every single country where it has launched compared to the iPhone 5s a year ago.

“We’re working hard to fill orders as fast as possible and we’re on track to be in more than 115 countries by the end of December,” Cook said.

In fiscal 2014, Apple revenue from products and services rose by $12 billion to $183 billion. It sold 243 million iOS devices and 19 million Macs.

Apple revenue from iTunes software and services reached $18 million.

“We’re continuing to invest in developing markets where revenues approached $50 million in fiscal year 2014, up 16 percent over last year and twice the rate of growth of the company overall,” Cook added.

Anand B
[email protected]