Revenues soared 95.2% last quarter. In 2009, they fell sharply. Charlie Wolf explains.
No Wall Street analyst follows Apple’s (AAPL) retail operations more closely than Needham’s Charlie Wolf, who has been using quarterly in-store sales as a metric for how well the Apple Stores are doing in general.
But you can sense his frustration in a note to clients issued earlier this week in which he reports that in-store sales, while up sharply year over year in the quarter that ended Christmas Day, are “fluctuating wildly,” as indicated in the chart above.
What’s going on? Wolf explains:
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