Apple is becoming quite the corporate Goliath these days, and a new report indicates that they’ve hit a major milestone, and have just become the United States’ fastest growing retailer.
As USA Today reports, Apple is taking a “massive bite” out of US retail sales, citing retail sales expert David Bergman’s findings that iOS device and Mac sales continue to outpace the competition, and Apple’s margins are, more than ever, the envy of the entire consumer electronics industry.
The report continues to note that in the first quarter of 2011. Apple’s US sales rose by $4.6 billion, which is an 80% increase from their gains just one year ago. The increase reportedly accounts for over 20% of all US retailer sales growth in the same period.
The data can be seen as an indication of poor retail sales from other retailers, but more importantly, it should be seen as a monument to Apple’s ability to remain monumentally successful, despite other retails struggling across the board.
The bulk of the success can be attributed to the incredible performance of Apple’s brick-and-mortar retails stores, which continue to surpass projections, and have just recently celebrated their 10th year of operation. The incredible rise of sales in the App Store also accounts significantly towards Apple’s legendary fiscal numbers.
