Apple Taking Massive Bite of Retail Sales – USA TODAY

Booming demand for the technology giant’s iPhone, iPad and Macintosh personal computers has made Apple (AAPL) the fastest-growing major retailer in terms of sales growth in the U.S. In the first three months of 2011, Apple’s U.S. sales rose by $4.6 billion, an 80% increase from a year ago.

That increase accounted for one-fifth of all sales growth by publicly traded retailers in the U.S., according to a recent analysis of sales trends by retail sales expert David Berman. In part, that’s a reflection of poor sales among most retailers. But it also highlights how Steve Jobs’ technology giant is grabbing a big slice of market share in everything from smartphones to PCs.

via Apple taking massive bite of retail sales – USATODAY.com.

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