Valued at over $2 trillion in 2021, it is also the most valuable technology company in the world. People close to Apple suggested that the Chinese authorities often dont need Apples data, and thus demand it less often, because they already surveil their citizens in myriad other ways. 20 years on from the first Apple Stores opening their doors, the concept has come a long way. Apple is the largest taxpayer in the US and has paid almost $45 billion in domestic corporate income taxes over the past five years alone. Apple is carbon neutral for all of its operations in the US and around the world, and last year committed to be 100 percent carbon neutral for its entire supply chain and products by 2030. Here's a more recent look at the company's financial performance. In addition to US developers, European developers also contribute App Store content. Sources: Counterpoint Research, TF International Securities, Strategy Analytics. From the region, it generated around 23% of its revenue in fiscal 2019. All other regions have been steady in terms of sales. Get full access to all features within our Business Solutions. Apple's CEO Tim Cook is estimated to have a net worth of $1 billion. Trillionaire Definition: How Much Money Is That and Who Will Be First? "Costs of Major U.S. Wars," Pages 4 and 5. The World's Tech Giants, Compared to the Size of Economies Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. India is still uncharted territory for Apple. As part of Apples commitment to American innovation and job creation, the company plans to create 20,000 new jobs over the next five years, growing its San Diego team to more than 5,000 employees by 2026. As a Premium user you get access to background information and details about the release of this statistic. Below is the list of 10 most cited patents of Apple: Which Companies are using Apple Patents to Advance their Research? October 16, 2014 11:32 AM EDT. The App Store, Apple Arcade, Apple Music, Apple Podcasts and iCloud are now available in the following countries and regions: Apple Music is also expanding to the following countries and regions: Apple Arcadeis a groundbreaking game subscription service within the App Store,adding new games every month from some of the worlds most visionary game developers. Statista. Before his app even became available on iPhones, the Chinese government was trying to block it. Its net worth as of 2020 was an impressive $65 billion. Apple Podcastsis the best place to browse and listen to the worlds largest catalog of podcasts. Total Enterprise Value to Total Revenue (ttm). Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. You may opt-out by. Apple | AAPL Stock Price, Company Overview & News - Forbes The accelerated commitment will fund a new North Carolina campus and job-creating investments in innovative fields like silicon engineering and 5G technology. On Chinese iPhones, Apple forbids apps about the Dalai Lama while hosting those from the Chinese paramilitary group accused of detaining and abusing Uyghurs, an ethnic minority group in China. In a last ditch effort to save the company, Apple acquired Jobs company NeXT and installed him as advisor and then CEO. Apple has $246 BILLION in cash, nearly all overseas - CNNMoney The remaining 20,000 cut across a wide range of categories. The App Store, Apple Arcade, Apple Music, Apple Podcasts, and iCloud are now available in 20 more countries, and Apple Music is available in 52 additional countries. At a summit for its new Chinese engineers and designers, Apple showed a video that ended with a phrase that Apple had been inscribing on the backs of iPhones for years: Designed by Apple in California.. For the quarter, Apple reported $81.43 billion in revenue, up 36 percent. A trillionaire is an individual with a net worth of more than one trillion in U.S. dollars or another similarly valued currency. A total of 5.3 million Mac computers were sold during Q4 2018. Yes, Statista allows the easy integration of many infographics on other websites. There are just under 150 million active iPhone units in the United States, making Apple by far the most popular smartphone manufacturer and ahead of all Android device manufacturers combined. Apple iPad Pro With OLED Display: New Leak Predicts Huge Price Hike, New iPhone 15 Exclusive Confirms Stunning Apple Design Decision, Apple Increases iPad, iPhone, MacBook Replacement Battery Prices, Apple TV+ Is Looking Into Streaming More Live Sports, New iPhone SE Will Never Be Apples Perfect iPhone, New Apple Leak Highlights Stunning MacBook Decision, Real Madrid Takes Center Stage In Apple TV+ Documentary Series, MLS On Apple TV Is Already A Great Product That Is Promoted Poorly, Apple Hardware Will Change The Face of Consumer Healthcare, Forget Apple Watch: Fitbit Could Beat Apple To Game-Changing New Feature, Apple Is Cutting Contractors To Save Costs, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Apple Inc. continues to be one of the most profitable companies today. 47+ Incredible Apple Statistics in 2022 - Leftronic By 2004, Apple's new retail model raked in $1 billion in sales. 10 Best Apple Patents US6323846B1 is the most popular patent in the Apple portfolio. Even with Apples shift in priorities from PC to mobile, Mac has remained a core part of the companys product portfolio. GUIYANG, China On the outskirts of this city in a poor, mountainous province in southwestern China, men in hard hats recently put the finishing touches on a white building a quarter-mile long with few windows and a tall surrounding wall. Apple Services now available in more countries around the world. Apple, he realized, had no Plan B. Construction for Apples $1 billion Austin campus is underway, with employees expected to start moving into the space next year. Budget Deficit: Causes, Effects, and Prevention Strategies, Apple becomes first U.S. company to reach a $2 trillion market cap, Monthly Budget Review: Summary for Fiscal Year 2020. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Apples more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it. The Market Value of Some Stock Exchanges, 4. Awards from the fund have led to breakthrough innovations in laser technology, sustainable material development, 5G infrastructure, and other cutting-edge fields. ", Apple, Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/382175/quarterly-revenue-of-apple-by-geograhical-region/ (last visited March 04, 2023), Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. dollars) [Graph], Apple, October 27, 2022. Apple saw double-digit year-on-year growth in iPhone revenue from 2008 to 2015, but revenues stagnated for the five years afterwards. Apple Music Revenue and Usage Statistics (2023) - Business of Apps Yet thats an aspect of their new agreement MLS and Apple have seemed to almost purposefully ignore. Which Company Is Richer, Microsoft or Apple? As of May 2021, there are 271 Apple Stores around the U.S. while China (including Hong Kong and Macau) has the second highest total with 50. Three weeks later, Trystan Kosmynka, Apples app review chief, sent an email to several managers at 2:32 a.m. Apple has tried to isolate the Chinese servers from the rest of its iCloud network, according to the documents. Apple said it removed Mr. Guos app in China because it had determined it was illegal there. The documents also show that Apple is using different encryption technology in China than elsewhere in the world, contradicting what Mr. Cook suggested in a 2018 interview. Apple Music is available in 167 countries What platforms does Apple Music support? !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async"); Apple has always been most successful in the United States, its home country. Apple Patents - Key Insights and Stats - Insights;Gate A paid subscription is required for full access. More than 600 news apps also disappeared. Airships Mobile App Experience Gap Survey Report researched gaps in seven key operational areas. 1. The action you just performed triggered the security solution. Apple sits far behind Amazon and Google in units sold, although the launch of the HomePod Mini has made some inroads. Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment. Nov 10, 2022 The Americas are Apple's largest regional market, bringing in net sales of 39.81 billion U.S. dollars in the fourth quarter of the company's 2022 fiscal year. Note: Apple stopped reporting Mac sales in Q4 2018. Apple encrypts customers private data in its iCloud service. The reality is that, globally, Apple is fighting on multiple fronts to stay at the top. Apple has also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, Oregon. Apple now assembles nearly all of its products and earns a fifth of its revenue in the China region. But which one works best for you? Apple recently required its Chinese customers to accept new iCloud terms and conditions that list GCBD as the service provider and Apple as an additional party. Apple told customers the change was to improve iCloud services in China mainland and comply with Chinese regulations., The terms and conditions included a new provision that does not appear in other countries: Apple and GCBD will have access to all data that you store on this service and can share that data between each other under applicable law.. The location of the keys to the data of Chinese customers was a sticking point in talks between Apple and Chinese officials, two people close to the deliberations said. Based on data from that report, Apples market cap exceeds the inflation-adjusted costs to the U.S. ofWorld War I, theVietnam War, and the Iraq War, among others. Two decades ago, as Apples operations chief, Mr. Cook spearheaded the companys entrance into China, a move that helped make Apple the most valuable company in the world and made him the heir apparent to Steve Jobs. Apple also continues to support jobs in the innovative iOS app economy, which facilitated $138 billion of commerce in 2019 in the US alone. Note: Apple stopped reporting iPad sales in Q4 2018. 2023 Forbes Media LLC. For Apple, China is not only a market with a strong iPhone user base but also the manufacturing hub of iPhones. Read on as we dissect how these devices compare. Even though Apple Pay comes pre-installed on all iPhones, users can still choose to not set up the contactless payment solution. Apple will have to shape its product and pricing strategy so that it can penetrate the budget-oriented Indian smartphone market. Throughout the decade, Apple has kept a core set of products: MacBook Air, MacBook Pro, Mac Pro and iMac. But Apple and the Chinese government have made an unusual arrangement to get around American laws. However, Apple is currently going through tough times in its second home. Apple employees added his name to the companys internal Chinese App Store Removal wiki page, according to the documents, as well as a software program that would automatically tag any apps that mentioned him. Accessed March 04, 2023. https://www.statista.com/statistics/382175/quarterly-revenue-of-apple-by-geograhical-region/, Apple. It operates. Apple will also establish a $100 million fund to support schools and community initiatives in the greater Raleigh-Durham area and across the state, and will be contributing over $110 million in infrastructure spending to the 80 North Carolina counties with the greatest need funds that will go toward broadband, roads and bridges, and public schools. Switching our focus to continents, European countries sold the highest dollar worth of exported fresh apples during 2021 with shipments valued at $2.9 billion or 38.3% of the worldwide total. Mr. Shoemaker said he and his team rationalized removing apps by framing them as simply enforcing a countrys laws. These include white papers, government data, original reporting, and interviews with industry experts. The Chinese government made that operation possible by spending billions of dollars to pave roads, recruit workers, and construct factories, power plants and employee housing. Inside, Apple was preparing to store the personal data of its Chinese customers on computer servers run by a state-owned Chinese firm. and displayed without charge by all commercial and The iPhone's Assemblers. Profit from the additional features of your individual account. Lets understand Apples global presence in detail. Working in the interest of the nations future, Apple is supporting education in coding, technology, science, the arts, and math. The statement was deeply offensive to them, said Mr. Guthrie, who left Apple in 2019 to return to his home in Michigan. In those three years, Apple's yearly sales grew from a little over $775,000 to $118 million. The stores themselves have been described as being a temple for the Apple brand and they have been credited with dramatically raising its profile. Instead of laying off full-time permanent employees, Apple has begun letting go of contractors. To use individual functions (e.g., mark statistics as favourites, set Feel free to contact us anytime using our contact form or visit our FAQ page. If Apple's market capitalization was equal to a country's annual GDP, it might just be in the G7. The latest news and updates, direct from Apple. Wearable, Home and Accessories revenue Apple generated $41.1 billion revenue from this segment in 2022. Please note that the code must be integrated into the HTML code (not only the text) for WordPress pages and other CMS sites. A budget deficit occurs when expenditures exceed revenue and is the term commonly used to refer to government spending and national debt. Apple employs a strong workforce of 22,000 in the European region. Important people put their reputations on the line. For a time, simply typing the word Taiwan could make an iPhone crash, according to Patrick Wardle, a former hacker at the National Security Agency. October 27, 2022. All You Need to Know about Apple's Global Presence - Market Realist He said Apples policy was matter-of-fact: If the lawyers believed a topic was off-limits in China, then Apple would remove it there. As Mr. Guthrie was delivering his warnings, Apple set about keeping the Chinese government happy. They were just furious.. Apples iCloud service allows customers to store some of their most sensitive data things like personal contacts, photos and emails in the companys data centers. Apple works with suppliers and partners across all 50 states, including II-VI, which manufactures for Apple in Texas, New Jersey, Pennsylvania, and Illinois. Please do not hesitate to contact me. AirPods have become a significant business for Apple, with over 80 million sales in 2022. Apples Exports by Country 2021 Plus Average Prices - World's Top Exports Like China, it has more than one billion potential users. Meanwhile, Apple held just 1.2% of the market share in 2018, according to The Economic Times. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. In every other country combined over that period, Apple approved 40 percent of requests, removing 253 apps. In 2018, Apple became the first American company to exceed $1 trillion in market capitalization. On March 23, 2020, Apple ( AAPL 2.44%) announced that it will expand its App Store to 20 other countries in April, taking the total count to 175 countries. Those events and the chain reaction they set off inside Apple were laid out in court documents last week in a wrongful-termination case against the company. Europe and Greater. world relating to economic and political issues as well as Im convinced that they will have the ability to break into the servers.. Dec 20, 2022. When up and running, Apples investments are expected to generate over $1.5 billion in economic benefits annually for North Carolina. How many countries is Apple Music available in? Sales have steadily fallen in China since 2015, although it received a slight bump in 2021. The majority of subscribers are from the US, which is one of the few countries Apple is close to Spotify. It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. In China, Apple has ceded legal ownership of its customers data to Guizhou-Cloud Big Data, or GCBD, a company owned by the government of Guizhou Province, whose capital is Guiyang. The . The colleague replied that Mr. Guo probably should be on the list, given that he had been spreading unverifiable defamatory stories about Chinese officials. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. The UK comes third for Apple Stores with 38. In the three years after the law kicked in, Apple said it provided the contents of an undisclosed number of iCloud accounts to the government in nine cases and challenged just three government requests. store the personal data of its Chinese customers, killing of 14 people in San Bernardino, Calif. improve iCloud services in China mainland and comply with Chinese regulations. Steve Jobs gives tour of new Apple Stores 2001 When assessing how the Apple store has changed over the years, there have been three distinct phases: Lifestyle Experience. President Xi Jinping of China, lower left, greeting Apples chief executive, Tim Cook, in 2015. Of these, 216, or 97.3%, generate less than $2.08 trillion in annual GDP.. Mr. Guthrie concluded that no other country could offer the scale, skills, infrastructure and government assistance that Apple required. The service can back up everything stored on an iPhone or Mac computer, and can reveal the current location of a users Apple devices. Data journalist covering technological, societal and media topics, Fox Unlikely To Settle With Dominion Over Election Lies As High-Stakes Trial Nears, Experts Say, Murdaugh Gets Consecutive Life Sentences For Murdering Wife And Son, Everything You Need To Know About Mad Cow Disease After Brazil Confirms Infection, Walgreens Wont Sell Abortion Pills In These StatesEven Though Abortion Is Legal There, iPhone Maker Foxconn Reportedly Expands In India Amid Claims Apple Wants To Bolster Manufacturing There, Thursday, March 2. Apple App Store Will be Available in 175 Countries from April 2020 If you look at the behavior of the Chinese government, you dont see any resistance from Apple no history of standing up for the principles that Apple claims to be so attached to.. The Americas segment includes North and South America. However, we know Watch, AirPods and Beats are the three key products in this segment. It has considered relocating its production facilities. The per person consumption of apple juice and cider decreased to 12.6 pounds. Apps that mapped users runs, edited selfies or taught sexual positions were removed. Despite the pressures of the pandemic, healthcare institutions dominate the America's Best Large Employers 2023 list. All values as of most recently reported quarter unless otherwise noted. Mr. Cook has been on a charm offensive in China, making frequent, statesmanlike visits and meeting with top leaders. One can imagine what record it will break next. Apple has tried to expand its chain of contracted manufacturers to other Asian countries such as . Apple hired Doug Guthrie in 2014 to help the company navigate China. Now it has to answer to the Chinese government. "Monthly Budget Review: Summary for Fiscal Year 2020. All values afterwards are estimatesSources: Apple, Canalys, IDC, Strategy Analytics. Apple added that it removed apps only to comply with Chinese laws. Apple wanted to keep them in the United States; the Chinese officials wanted them in China. "He also shut down 10 of the 19 Apple warehouses to limit overstocking." All values afterwards are estimates. The cybersecurity law went into effect in June 2017. (Rendering: Studio8 Architects and WP Visions). Tim Cook, Apples chief executive, has said the data is safe. The. The US-banned company launched budget smartphones locally and won 42% of Chinas smartphone market in Q3 2019, according to Canalys data. Part of that effort was new research and development centers in China. The next iPhone didnt include the phrase. The concept's success can be seen by the fact that competitors such as Samsung, Xiaomi and Huawei are pursuing a similar strategy and opening their own physical stores. Then you can access your favorite statistics via the star in the header. Apples situation in China is looking dicey. The Americas segment includes North and South America. You only have access to basic statistics. Apple has become a cog in the censorship machine that presents a government-controlled version of the internet, said Nicholas Bequelin, Asia director for Amnesty International, the human rights group. While sales dropped in 2021, the launch of higher-end iPads meant more revenue per sale. This statistic is not included in your account. Global top apple producing countries 2022 | Statista Apple revolutionized personal technology with the introduction of the Macintosh in 1984. The Rest of Asia Pacific segment includes Australia and Asian countries. Use Ask Statista Research Service. As Apple grows its teams and operations in the US, the company is committed to doing so in an environmentally responsible manner with a focus on renewable energy and green innovation. Apple Music is the second largest music streaming service in the West, far behind Spotifys 150 million users. dollars)." The Apple Store has been credited as serving as a form of temple for Apple and dramatically elevating its brand profile over the past two decades. While there have been iterations and new models, this core has remained popular across a broad spectrum of professional customers. A bigger chunk of the tech-using population relies on free third-party services. sports and entertainment. In addition, users have access to world-class music experts, tastemakers, and artist-led programs from globally celebrated creators including Virgil Abloh, Billie Eilish, Elton John, Pharrell, and more. On Feb. 4, 2018, shortly after the Chinese authorities demanded that Mr. Guos app be rejected, an Apple manager emailed a colleague with a question: Did Mr. Guo belong on Apples China sensitivities list, along with the likes of Falun Gong the Chinese spiritual movement and the Dalai Lama? Sources: Above Avalon, Apple, BMO Capital Markets. This business model only really fits and works in China, Mr. Guthrie said in an interview. To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017. Keith Bradsher contributed reporting from Guiyang. In fiscal 2019, Apple generated $43.7 billion in revenue from China, or 16.7% of its total revenue. Can I integrate infographics into my blog or website? It also exceeds the total value of stocks on most exchanges worldwide. Which topics are covered by the "Chart of the Day"? You can learn more about the standards we follow in producing accurate, unbiased content in our. If the products were designed in California, they shouted, then what were they doing in China? That alarmed the security researchers. Forbes. Mr. Cook approved the decision, according to two people with knowledge of the matter who spoke on the condition of anonymity. It was bad news for Apple, which had staked its reputation on keeping customers data safe. Apple brings in $55 billion a year from the region, far more than any other American company makes in China. However, it has yet to reach Apple's $2 trillion market cap milestone. The nations with GDP figures immediately below $2.08 trillion are Italy, Brazil, and Canada., Moreover, the World Bank compiles GDP data for 263 countries, regions, or collections of countries with similar characteristics. The Chinese employees were angered, according to Mr. Guthrie and another person in the room. People may receive compensation for some links to products and services on this website. Apples $430 billion in contributions to the US economy include direct spend with American suppliers, data center investments, capital expenditures in the US, and other domestic spend including dozens of Apple TV+ productions across 20 states, creating thousands of jobs and supporting the creative industry. The rumor is that there could be a new iPhone 14 early next week. Apple Music offers more than 60 million songsandlocally curated playlists including Africa Now, Afrobeats Hits, and more. What were panned by many as pricey accessories have become mainstream, with almost every phone manufacturer offering their own hearable to compete with Apple. 2023 The next iPad Pro may come with an OLED screen, and the latest report claims itll come with a big price increase. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The managers responded that the app criticized the Chinese government, Mr. Pham said in court documents, and that this was enough for rejection. Over that same period, from 2013 through June 2020, Apple said it turned over the contents of iCloud accounts to U.S. authorities in 10,781 separate cases. "How Much is Tim Cook Worth?". Other companies faced a similar dilemma in China, but Apple was uniquely exposed because of its high profile and acute dependence on the country. Those exchanges immediately behind Apple are theFrankfurt Stock Exchange, South Korea Stock Exchange, Stockholm Stock Exchange, and Swiss Stock Exchange., The U.S. governments expenses far exceed its revenue generation, leading to a burgeoning budget deficit which has been a subject of hot political debates. Growing from its 2001 launch with a pair of stores in Tysons Corner, Virginia, and Glendale, California, Apple now has more than 500 retail locations all around the world. He earns approximately $15 million per year in salary and bonuses.. While some analysts predicted failure for the new store, they enjoyed a lucrative opening weekend, taking in $599,000. Dollars). In the companys 2018 press release, CEO Tim Cook said, Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy. He added, We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA. Led by Warren Buffet-the world's seventh richest billionaire as of January 2022 - the early years of the company focused on long-term investments in publicly traded companies, but now more. So Mr. Cook agreed to move the personal data of his Chinese customers to the servers of a Chinese state-owned company. Note: Apples financial year ends in September. Those companies are Foxconn and Pegatron, both of which are based in Taiwan. Documents reviewed by The Times do not show that the Chinese government has gained access to the data. Behind the scenes, Apple has constructed a bureaucracy that has become a powerful tool in Chinas vast censorship operation. This chart shows the total number of Apple Stores worldwide as of May 14, 2021. Raymond Zhong reported from Guiyang. Apples (AAPL) trillion-dollar tech ecosystem is now present around the globe. This segment alone generated $53 billion revenue in 2020, making it Apples second largest segment. Apples Siri has been the unfortunate brunt of many jokes about artificial intelligence and smart assistants, however hundreds of millions of iPhone users actively use the application. It traces its origins back to 1997 when Steve Jobs returned to the company as interim CEO.
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