Apple (AAPL) shares closed at 556.07 Friday, up $37.37 (7%) for the week amid signs that tablets were among the hottest sellers at the start of the 2013 holiday buying frenzy, Apple's iPads most of all.
Led by the iPad Mini, Walmart (WMT) sold 1.4 million tablets in record Black Friday sales. At Target (TGT), iPads were the three top sellers among the first 3,000 customers surveyed by infoScout. Before it ran out of stock, Target was selling iPad Airs for 40% off. But all the big U.S. retailers were using discounted iPads as crowd-drawing "door busters" -- even Apple.
In the Thanksgivukkah-shortened three-and-a half-day-week, traders rewarded Apple twice: First following reports that the company had plenty of iPads and iPhones in supply, then late in the week when it became clear that the demand was there as well.
Some say collecting and remitting sales taxes would be too complicated and expensive for smaller businesses. But that doesn't seem to be the case.
FORTUNE -- Taxes on Internet sales have been talked about since the birth of e-commerce. In those early web days, one major objection was that taxes would be impossible to collect, given all the various local and state sales-tax regimes. Forcing merchants to adhere to the laws of MOREDan Mitchell, contributor - May 7, 2013 10:45 AM ET
Fortune 500 companies are looking at the big picture as they embrace social media.
By Colleen Leahey, reporter
FORTUNE -- About a year before Facebook bought the photo-sharing app Instagram for $1 billion, General Electric (GE) joined. Instagram users take and share pictures on their smartphones and "follow" other users' photostreams. GE (No. 6 on the Fortune 500) has 86,066 followers. Instagram's retro-filters can make GE's photos look like a history MOREMay 21, 2012 5:00 AM ET
The high-tech wundercompany landed not only on our street corners and in our malls, but also on the top 10 of Fortune's Most Admired Companies.
Editor's note: This article appeared in the March 8, 2007 issue of Fortune magazine.
By Jerry Useem
FORTUNE -- "Sorry Steve, Here's Why Apple Stores Won't Work," BusinessWeek wrote with great certainty in 2001. "It's desperation time in Cupertino, Calif.," opined TheStreet.com. "I give [Apple] two years MOREAug 26, 2011 5:00 AM ET
Ron Johnson, who came to Apple from Target, is headed back to his retail roots
Among the senior vice presidents on whom Steve Jobs depends to run Apple (AAPL), three stand out: Tim Cook, the master of Apple's supply chain; Jony Ive, its genius designer; and Ron Johnson, the man who built the Apple Store.
Jobs is reportedly losing one of them today. According to the Wall Street Journal, J.C. Penney (JCP) MOREPhilip Elmer-DeWitt - Jun 14, 2011 12:16 PM ET
By Sunday, Gene Munster's team couldn't find an Apple tablet for sale at any retail outlet
Gene Munster's team at Piper Jaffray walked the iPad 2 lines in New York City and Minneapolis and interviewed 236 would-be buyers. They also called various retailers (Apple stores, Target, Best Buy, etc.) looking for product. The results of their survey were released Sunday night. Their findings:
Munster is sticking with his estimate of 400,000 to MOREPhilip Elmer-DeWitt - Mar 13, 2011 8:39 PM ET
Verizon will throw in a MiFi mobile hotspot as part of its deal. Shades of iPhones to come?
Two big iPad announcements Thursday:
A press release from Apple (AAPL) announcing that starting Oct. 28, more than 2,200 AT&T (T) stores will begin selling Apple's Wi-Fi+3G iPads at the usual prices: $629 for 16GB, $729 for 32GB and $829 for 64GB. The data plans are unchanged: $14.99 per month for 250MB and $25 MOREPhilip Elmer-DeWitt - Oct 14, 2010 10:28 AM ET
With displays in BestBuy, Target and now Walmart, Apple is going for the holiday gift market
Walmart (WMT) confirmed late Monday what the rumor sites had been reporting since Friday: starting Oct. 15, it will begin selling iPads on a schedule that would put Apple's (AAPL) tablet computer in 2,300 Walmart stores by mid-November -- just in time for the holiday gift-buying season.
When you add Walmart to the 221 U.S. Apple MOREPhilip Elmer-DeWitt - Oct 12, 2010 7:41 AM ET
Apple is aggressively expanding the tablet's retail presence in time for the holidays
[UPDATE Oct. 9: Photos have surfaced on MacRumors suggesting that Walmart could begin selling iPads next week and could have them in 1,000 stores before the end of October.]
[UPDATE Oct. 4: As of Monday, the iPad is also available on Amazon. Click here for pricing.]
One way to track how rapidly Apple (AAPL) is building iPads is to watch MOREPhilip Elmer-DeWitt - Oct 9, 2010 11:00 AM ET
Business Intelligence software is more like interactive gaming than you'd think.
By Wayne Morris, CEO, myDIALS.
Decision making in business should be easier than ever: Next generation business intelligence software gives everyone from entry-level employees to CEOs the ability to make important decisions from data that is clean, current, easy to access and, most importantly, interactive.
(We've come a long way from traditional intelligence solutions that relied on historical data that only MOREJan 20, 2010 10:00 AM ET
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