The phone that sabed the world
And the inflation that boosted the numbers
Been keeping an eye on HD
Still as empty as ever. The increase has to be coming from the prices
Same for the food and beverage
WMT and TGT cant raise prices as freely, and the sales reflect
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September Retail Sales Rise On Apple's IPhone 5
By GILLIAN RICH, INVESTOR'S BUSINESS DAILY
Posted 12:24 PM ET
The launch of Apple's (AAPL) iPhone 5 helped boost September retail sales, according to the Commerce Department on Monday.
Total monthly sales, not including autos, rose 1.1% in the month, beating analyst estimates of a 0.5% gain, on top of a 1.0% sales jump in August.
Sales at electronics and appliance stores were up 4.5% boosted by the debut of the iPhone 5. Sales for the latest Apple device topped 5 million in the first weekend after debuting on Sept. 21.
Apple shares were down 1% in midday trading.
Sales at general merchandise stores, a category that includes big retailers such as Wal-Mart (WMT) and Target (TGT), were up 0.3% in September following a 0.3% drop in August.
Wal-Mart shares rose 1% intraday, while Target shares edged up slightly.
Sales at building materials and garden equipment stores, which includes Home Depot (HD) and Lowe's (LOW), increased 1.1%.
Home Depot's stock rose 1% and Lowe's shares climbed 2%, fueled by an analyst upgrade.
Sales at food and beverage stores, which included restaurants like Dunkin' Brands (DNKN) Dunkin' Donuts, Domino's Pizza (DPZ) and Burger King (BKW), rose 1.2%
Including auto sales, September retail sales jumped 1.1 %, beating estimates of a 0.7% increase. Car sales rose 1.3%.
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