Where Apple Prints Money [Apple]

August 24 2009, 4:39pm

That would be the Apple Store on 5th Avenue in New York City. Newmark Knight Frank Retail estimates it pulls in over $350 million in revenue a year, or about $35,000 per square foot for the 10,000 square foot space. To put that in perspective, Tiffany & Co., who says diamonds has sales of about $18,000 per square foot. In fact, it might be the highest grossing retailer on Fifth Ave. ever, according to an estimate by Prudential Douglas Elliman Real Estate. $350 million. Kee-rist. Good luck touching that, Microsoft. [Bloomberg via ZDNet]

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