Apple's Million-Dollar-a-Day Retail Store (in Words and Pictures)
Conclusion No. 1 : There's a massive opportunity in China. Duh, I know.
Conclusion No. 2 : The thought that Apple will aggressively challenge Pandora (P) in the streaming radio space makes no sense. Why enter an incredibly expensive business (content costs, building local sales teams, etc.) for revenue that probably would not amount to what you make at one Southern California retail store anytime soon?
Conclusion No. 3 : And this backs up other recent articles, Apple Loses If It Beats Itself and Apple, Amazon Down: Maybe the Stock Market is Rigged . In retail there's Apple, Amazon.com (AMZN) and everybody else.
There's a number out today that's equally as impressive, if not more so, than Apple's $1-million-a-day tally in Santa Monica. Amazon accepted an incredible 24.6 million visits to its Web site on Christmas Day, according to Experian.
Dig the remainder of the top five; it borders on comical:
Walmart (WMT) : 7.4 million visits Target (TGT) : 3.6 million Best Buy (BBY) : 3.4 million Macy's (M) : 1.9 million
AAPL and AMZN are both down again Friday morning. Do I really need to say more? Stop the stock market insanity.
--Written by Rocco Pendola in Santa Monica, Calif.