On the heels of an insane earnings report and just prior to another store opening, Apple announced today that it would open 40-50 retail locations in 2010. The announcement was part of a speech in which senior VP of retail, Ron Johnson, said the company expects a solid holiday season.
I’d imagine so. The $1.6 billion mobile profits report blew everyone away (especially Nokia). The retail stores continue to grow with the mobile business, up 7 percent from last year and sporting $1.87 billion in profits last quarter alone. That’s a big pile of cash for a company whose yearly profits were closer to $5 billion just over a decade ago.
The new retail stores are mostly headed outside the US. Plans have already been made for new stores in London, Paris, and two in Shanghai. The newest stateside store will open on Saturday on the upper west side of Manhattan.
