In the next three months, Apple is set to close the smallest of its four New York City retail stores and move it to a temporary location whilst it undergoes renovation works,ifoAppleStore reports. The landmark SoHo retail store accommodates thousands of visitors each day, and rather than close the store completely, Apple hopes to divert customers to a nearby location rather than direct visitors to the its other stores within the city....

Apple has reportedly suspended new orders for iPad 2 panels with LG Display and move to rivals Samsung and Chimei Innolux after the display manufacturer’s recent shipments to Apple experienced quality issues,Digitimes has revealed. According to industry sources, LG’s panel shipments in July were a million units short of its original monthly goal, despite moving operations to its 6G LCD plant to produce the 9.7-inch panels for Apple’s tablet devices in the second quarter of 2011....

Apple has released their quarterly financial report, revealing that they had a record-setting second quarter revenue of $24.67 billion and a net profit of $5.99 billion during the same quarter. This compares to only $13.50 billion in revenue and $3.07 billion in profits just a year ago in the same quarter. Apple sold 3.76M Macs, 18.65M iPhones and 4.69M iPads in the second quarter of 2011. The 18.65 million iPhones sold in the second quarter eclipses the previous record of 16....

This year sees Apple celebrate ten years in retail, a milestone that has seen the company overhaul the way it advertises its products in store. However, if you go back behind the public storefront, Apple has introduced a new set of posters in staff areas in numerous Apple Stores, telling the story of the company’s ten years in retail, describing the ups and the downs, the highs and the lows....

It looks like the sources that tipped 9to5Mac off about the introduction of App Store improvements to Apple’s Retail Stores this Sunday were correct. Reports are nowrolling inthat show the new interactive iPad displays and other new features of Apple’s Retail Store 2.0 experience. The new iPad displays that have taken the place of the traditional paper placards offer an interactive way to explore the features of the products that they’re advertising....