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During Costco's fiscal first-quarter earnings call today, Chief Financial Officer Richard Galanti confirmed that the company is in the process of phasing out Apple products from its shelves.
The news, which was reported by The Seattle Times, confirms a 2-month-old rumor from iLounge that noted the process as already under way. iLounge's source had attributed the move to the wholesale retailer getting shut out of acquiring stock of products like theiPad, which competitors like Sam's Club, Wal-Mart, and Target had gotten access to some six months after its launch.
The Seattle Times says the split is mutual, and notes that unlike some of the deals made with other large-scale Apple resellers, Costco was never allowed to sell Apple's products through its own online store. The post also highlights that Costco's sales of Apple products did not venture further than offering slightly discounted iPods and packs of iTunes gift cards.
Costco quite famously stopped selling Coca-Cola products after a pricing dispute in November of last year, before resuming sales just a month later after the two companies had worked things out.
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The news, which was reported by The Seattle Times, confirms a 2-month-old rumor from iLounge that noted the process as already under way. iLounge's source had attributed the move to the wholesale retailer getting shut out of acquiring stock of products like theiPad, which competitors like Sam's Club, Wal-Mart, and Target had gotten access to some six months after its launch.
The Seattle Times says the split is mutual, and notes that unlike some of the deals made with other large-scale Apple resellers, Costco was never allowed to sell Apple's products through its own online store. The post also highlights that Costco's sales of Apple products did not venture further than offering slightly discounted iPods and packs of iTunes gift cards.
Costco quite famously stopped selling Coca-Cola products after a pricing dispute in November of last year, before resuming sales just a month later after the two companies had worked things out.
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