Apple's Fifth Avenue Store Makes $440 Million Annually
Buried in the New York Poststory about a hot retail location on New York City's Fifth Avenue is a nugget of information that Apple makes $440 million from its Fifth Avenue space.
Before the GM Building was sold to a Boston Properties partnership last year, a prospectus shown to possible purchasers revealed the Apple store under the famous glass cube was doing an incredible $440 million a year. By comparison, sources said, Apple's outpost at Prince and Greene streets does $100 million. (The uptown Apple is larger, but not by much -- it has an estimated 10,000 square feet of selling space compared with 8,500 feet in SoHo.)
Silicon Alley Insider says Apple's Fifth Avenue store has become a tourist attraction. Apple has a webpage for the store here.
