Apple Considering Mini-stores Inside Target (AAPL, TGT, BBY)
Apple Inc. (NASDAQ: AAPL) already gets a lot of prime display real estate at Target Corp. (NYSE: TGT) stores. But that space may be expanding soon. A report at Apple Insider says the iPhone/iPad maker will open mini-stores inside 25…
Apple Inc. (NASDAQ: AAPL) already gets a lot of prime display real estate at Target Corp. (NYSE: TGT) stores. But that space may be expanding soon.
A report at Apple Insider says the iPhone/iPad maker will open mini-stores inside 25 Target locations across the US. The mini-stores would be located in areas that are too small to be considered for a full-fledged Apple Store, but large enough for the Cupertino company to make some nice revenue.
This is not good news for Best Buy Co. Inc. (NYSE: BBY), which already operates about 100 Apple Shops inside some of its 1,000+ US stores. Target has about 1,750 US stores, and Apple owns and operates 245 Apple Stores in the US.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
