Apple Thriving in Spain Where Pain Rages From Debt Crisis: Tech

As Spain enters its second recession in as many years, Apple Inc. is flourishing.

Renovation on a 19th-century, seven-floor building with more than 6,000 square meters (64,600 square feet) of floor space on Madrid’s central Puerta del Sol square is under way to house Apple’s new Spanish flagship store, according to the city mayor’s office. Apple is in talks with the building’s owner to use three floors as an outlet, said a person with knowledge of the matter, asking not to be named because the discussions are confidential.