[youtube:http://www.youtube.com/watch?v=y6BFhRkUJEI]

What we’ve got here is a clip from 2006. Steve is interviewed by CNBC about the opening of their Apple Store at Fifth Avenue, New York City. Why would Apple open a retail store in such a luxurious area?

Steve gives you the answer in this eight minute long interview. It’s always interesting to listen to him describing the thoughts behind Apple’s actions. Also, this interview was done exactly five years after they opened their fist Apple Store.