I know of companies that have 50-100 million per year in revenue and are considered to be quite successful. Revenue is one measure, and profitability is another. Many years ago in the software business I remember one person pushing the revenue per employee ratio as a good metric.
9to5Mac reported this week that Apple's three NYC strores are pulling in 10% of all global store sales:
If the NYPost's numbers are correct, Apple's 5th Avenue store is pulling in more than its fair share of revenue. The store, which is open 24 hours a day, 365 days/year pulls in $440 million in revenue per year or a staggering $1.2million a day, including weekends and holidays.
Wow. Just wow. If Apple has 1,000 employees there, that's 440,000 USD per employee.
Did I say "wow"? I think that's an understatement. The early perception of the Apple Stores was that they were loss leaders. Let's see, if 10% = 440 million, then 10% is 4.44 billion. That is not a loss leader.
When we were on our honeymood in NYC last November, I made the pilgrimage to the 5th Avenue store. I used to think the Cincinnati Apple Store was busy, it's certainly busy compared to other stores in the mall. Indeed, the Sony store looks like a ghost town in the same mall. But I was not ready for the throngs of people in this store.
As an aside, I now have a better idea of the meaning of "throng".
In spite of the throngs, Apple store employees were calm, cool, and available. I was approached within a couple of minutes once I settled down in front of some drawing pads.
Seeing this, I'm more convinced that MIcrosoft should exit the Zune business and concentrate on Office, .NET, and their Internet push. Steve Jobs and Apple won this one. There's a time to just walk away, and Ballmer should do so.
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