Market Overview

Jefferies Comments On The Return Of Apple Products To Costco Stores

Share:
Related COST
Visa Q3 Results Top Street Estimates, But Are Exactly What Argus Expected
Citi Shakes Off Election Uncertainty, Brexit Headwinds; Outlook Remains Constructive
How Wal-Mart Can Start Solving The Amazon Problem With InvenSense (Seeking Alpha)

In a note released Wednesday, the team at Jefferies noted that Costco (NASDAQ: COST) started selling Apple (NASDAQ: AAPL) products again in late June. This marks the first time the company has sold Apple products since 2010.

According to the analysts, the product spread includes hot items, such as iPad Air and iPhone 5s and appear to be "highly" competitive in price.

The team noted consumer electronics has been a weak area for Costco and said the return of Apple's products should help. However, the analysts cautioned margins in this area have not been historically high.

Posted-In: JefferiesAnalyst Color News Retail Sales

 

Related Articles (AAPL + COST)

View Comments and Join the Discussion!