Apple Heads to These New Shores

Four new Apple (NASDAQ:AAPL) retail stores are set to open this weekend ahead of Christmas, and they’re spread across the globe. According to, the four new stores will be in Chengdu, China; Melbourne, Australia; Causeway Bay, Hong Kong; and Malmö, Sweden.

Apple opened a total of 33 new retail stores during fiscal year 2012, with 28 of those located outside of the U.S. According to Apple’s recently reported financials, it has plans to open between 30 and 35 new stores in the coming year, with 75 percent of those springing up outside of the U.S. Currently, the total number of worldwide Apple stores is 390.

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Its iconic retail stores are a strong marketing area for Apple and the business has turned fairly profitable over the past few years. The company announced in its latest annual filing that net sales across the retail segment grew $4.7 billion, or 33 percent, year-over-year. Average revenue per store was $51.5 million, up 19 percent compared to the same period in 2011.

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