Apple (AAPL)
Apple (AAPL) is due to report earnings this week.... I do not own any of the shares - but love the products and operating system. Once again I will say that I'm not using this name for anything other than an Investing 102 "way to think" - so it's not about this particular stock.
I was reading an article about Microsoft (MSFT) opening a huge NYC retail store (My wife was a Senior Director there (@MSFT) for 19 years). I'm always interested in this company just due to the long connection with them - even though I quit using any of their products long ago.
We have discussed numerous times about beginning investing and trying to own shares in companies that you have exposure to - where you shop - industries you understand or work in etc. It helps you have some "insight" and connection to the shares you choose... I remember buying Apple (AAPL) shares years ago after seeing long lines at their store in the mall I was shopping at. It was the only store in the mall (one of the most successful malls in the country - Bellevue Square). Since I no longer live in a city with any malls - nor an Apple store - I personally have lost my ability to have any insight to this names retail outlets.... while I WAS NOT surprised by what I found in this article! I still said WOW!
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According to a March report, Apple’s stores generate a staggering $4,798.82 in sales per square foot on annualized basis—by far the most of any retailer in the nation.
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