The following is from Coburn Ventures' Wavepoint newsletter:
Four key takeaways:
* Point 1: The growth of Apple's retail stores is phenomenal, and it's not slowing.
* Point 2: Apple's retail stores are not even close to being saturated as of the last official count in September -124 stores.
* Point 3: The stores are making up an increasingly important part of Apple's overall financial mix.
* Point 4: Using sensitivity analysis, projecting the revenue and profitability of the retail stores gives us high conviction in Apple's