In 2018, Apple became the first American company to exceed $1 trillion in market capitalization. Apple Inc. All rights reserved. How many countries is Apple Music available in? And in its data centers, Apples compromises have made it nearly impossible for the company to stop the Chinese government from gaining access to the emails, photos, documents, contacts and locations of millions of Chinese residents, according to the security experts and Apple engineers. The Chinese government regularly demands data from Chinese companies, often for law-enforcement investigations. As a Premium user you get access to the detailed source references and background information about this statistic. Behind the scenes, Apple has constructed a bureaucracy that has become a powerful tool in Chinas vast censorship operation. This segment alone generated $53 billion revenue in 2020, making it Apples second largest segment. "How Much is Tim Cook Worth?". The company has paid more than $23 billion to App Store developers across Europe, making a good market for itself. But he ultimately approved the plans to store customer data on Chinese servers and to aggressively censor apps, according to interviews with current and former Apple employees. dollars)." Microsoft has an impressive market cap; however, it is not as large as Apple's. But which one works best for you? Twenty years later, Apple now has 510 stores across 25 countries and territories. But our priority remains creating the best user experience without violating the rules we are obligated to follow.. The latest news and updates, direct from Apple. Most of those apps have remained available in other countries. The UK comes third for Apple Stores with 38. 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. Yes, Statista allows the easy integration of many infographics on other websites. Gross Domestic Product (GDP): Formula and How to Use It, Billionaire: Definition, Examples, vs. Millionaire, U.S. Debt Ceiling: Definition, History, Pros, Cons, Clashes. The latest news and updates, direct from Apple. The security experts said that arrangement alone represented a threat that no engineer could solve. Today, Apple supports more than 2.7million jobs across the country through direct employment, spending with US suppliers and manufacturers, and developer jobs in the thriving iOS app economy. Six months later, Mr. Guo submitted his app again, with changes to elude Apples software. The company's revenue jumped from $8 billion in 2014 to over $265 billion in 2018. We hope our customers can discover their new favorite apps, games, music, and podcasts as we continue to celebrate the worlds best creators, artists, and developers.. In May 2016, Fortune, citing Morgan Stanley, reported, With per capita income of $1,570 as of 2014 and the average smartphone selling for less than $90, a third of the global average, Indias market growth is predominantly led by cheaper phones. Indian sentiment thrives on budget spending. Apple saw an impressive 57% increase in iPad sales in 2020. Apple recently began disclosing how often governments demand that it remove apps. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Sending and receiving money with Apple Pay and the Apple Cash card are available only in the U.S. We have a deep sense of responsibility to give back to our country and the people who help make our success possible.. Apple Inc. continues to be one of the most profitable companies today. Chinese intelligence has physical control over your hardware thats basically a threat level you cant let it get to, said Matthew D. Green, a cryptography professor at Johns Hopkins University. Mr. Cook often talks about Apples commitment to civil liberties and privacy. Today, some 20 years on from the opening of the two stores, Apple boasts a physical retail empire of some 500 establishments, more than half of which are in the United States. Similar steps were taken in places like Saudi Arabia and Russia, he said. 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. According to the companys 2019 SEC filing, the country alone accounts for 45% of Apples revenue. Our comprehensive Apple Report covers all of the companys financials, with in-depth breakdowns of each of its five business segments: iPhone, iPad, Mac, Wearables, and Services. Apple saw double-digit year-on-year growth in iPhone revenue from 2008 to 2015, but revenues stagnated for the five years afterwards. A resulting report said the app was published because the China hide process was not followed, according to court documents. Can we put the necessary pieces in place to prevent that ASAP.. [n 1] The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). If you are an admin, please authenticate by logging in again. CNBC. Its success has inspired competitors such as Samsung, Xiaomi and Huawei to pursue a similar strategy and open their own physical retail stores. In 2014, Apple hired Doug Guthrie, the departing dean of the George Washington University business school, to help the company navigate China, a country he had spent decades studying. In, Apple. They only indicate that Apple has made compromises that make it easier for the government to do so. Apple said it challenged those requests because they were illegal under U.S. law. In second place were Asian exporters at 25.3% while another 12.6% of international apple sales originated from North America. Apple is also making industry-leading investments in new clean energy projects and green technology in the US and around the world. The components manufactured by those companies all around the world are ultimately sent to just two companies to assemble into iPods, iPhones, and iPads. Apple generated $41.1 billion revenue from this segment in 2022. The Chinese government must approve any encryption technology that Apple uses in China, according to two current Apple employees. It was bad news for Apple, which had staked its reputation on keeping customers data safe. Chinese law requires the companies to comply. It has also introduced free software, Swift, to teach coding. Mr. Guthrie concluded that no other country could offer the scale, skills, infrastructure and government assistance that Apple required. How many Apple stores are there in 2020? Note: Apple stopped reporting iPhone sales in Q4 2018. A company's net worth is calculated as its assets minus liabilities. Here's everything you need to know about Apple Retail including COVID-19 status, new store openings, and the latest news. "Monthly Budget Review: Summary for Fiscal Year 2020. Apple hired Doug Guthrie in 2014 to help the company navigate China. Sources: Apple, Gartner. Apple was the leading smartwatch vendo r, claiming 52.5% of the global smartwatch market share as of 2021. This new era has made the league a lot more accessible for most fans. When publishing one of these graphics, Jobs resigned from Apple in 1985 and the company saw a gradual decline over the 1990s, as it struggled to compete with Microsoft on software and Windows manufacturers on hardware sales. iPhone is Apples most valuable product and has, since 2008, been its main source of revenue. daily and featuring the latest statistics from the media, If the situation goes south from here, the production of Apples major revenue-making product, the iPhone, would be at stake. Of the top 72 exchanges in the world, only 11 have market caps greater than Apple. Or do you stand on the sideline and yell at how things should be? he said at a conference in China in 2017. To date, nearly 60 of Apples US sites are LEED certified. Note: Includes apps that were active at their time of removal (i.e. Apple is known as the global leader in the tech industry, specifically for iPhones. Hotly anticipated after the success of the iPhone, the iPad made an immediate mark, adding $19 billion to Apples revenue in the first year. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. All values afterwards are estimates. The Market Value of Some Stock Exchanges, 4. We estimate AirPods is a $10 billion business on its own, with Apple Watch also potentially contributing between $14 billion to $18 billion a year. sports and entertainment. "When Tim Cook initially took over Apple's supply chain, he cut down the number of component suppliers from 100 to 24, forcing companies to compete for Apple's business," writes Sam Oliver at Apple Insider. The cybersecurity law went into effect in June 2017. Americas is responsible for 43% of all revenue generation and approximately 40% of that is from the United States alone. In 2022, it generated $394.3 billion in revenue. U.S. law has long prohibited American companies from turning over data to Chinese law enforcement. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. People waiting in line last year for the opening of a new Apple Store in Beijing. 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. If the products were designed in California, they shouted, then what were they doing in China? Apple has added more active devices every year in the US, but are around 50 million units behind Roku. The ideal entry-level account for individual users. As Mr. Guthrie was delivering his warnings, Apple set about keeping the Chinese government happy. 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. Use is, however, only permitted with Even though several analysts predicted the new physical stores would fail, the first two locations took in $599,000 on their opening weekend with the new Apple retail model raking in $1 billion in sales by 2004. Lets understand Apples global presence in detail. The Congressional Budget Office (CBO) reports that the federal budget deficit for the fiscal year 2020, which ended on Sept. 30, was $3.1 trillion, more than three times the deficit recorded for 2019., As massive as the federal deficit appears, it is only slightly larger than Apple's market cap. Chinese workers assemble nearly every iPhone, iPad and Mac. "List of Stock Markets. Steve Jobs, the founder and CEO, was one of technologys first rockstars, able to sell hardware as more than a tool for work. While Apple regularly responded to court orders for access to customer data, Mr. Cook had rebuffed the F.B.I. By signing up you agree to our privacy policy. This figure exceeds the GDP of most countries. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Apple is one of the biggest job creators in the US. on two sectors: "Media and Technology", updated Although Amazon posts great marks, it is not bigger than Apple. Apple has tried to isolate the Chinese servers from the rest of its iCloud network, according to the documents. 25 countries Over the years, Apple has expanded the number of retail locations and its geographical coverage, with 512 stores across 25 countries worldwide as of June 24, 2021, when the new flagship store at Via del Corso in Rome opened. iCloud needs influential friends in China.. You need a Statista Account for unlimited access. Apple revenue increased dramatically in the 2020s, from $65 billion at the start of the decade to $274.5 billion by the end. Documents reviewed by The Times do not show that the Chinese government has gained access to the data. U.S. federal government debt as of Sept. 30, 2020. 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. To equal Apple's market cap, one must combine the net worth of the world's top 24 billionaires.. He turned the companys fortunes around, launching iTunes and iPod in 2001. 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. While there have been iterations and new models, this core has remained popular across a broad spectrum of professional customers. Apple added that it removed apps only to comply with Chinese laws. Global GDP was $87.799 trillion in 2019, per the latest data from the World Bank, and Apple's market cap is 2.36% of that figure.Compared to the U.S., the world . 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. Apple total number of employees in 2021 was 154,000, a 4.76% increase from 2020. Your IP: Under the new setup, Chinese authorities ask GCBD not Apple for Apple customers data, Apple said. However, it has yet to reach Apple's $2 trillion market cap milestone. But the iCloud data in China is vulnerable to the Chinese government because Apple made a series of compromises to meet the authorities demands, according to dozens of pages of internal Apple documents on the planned design and security of the Chinese iCloud system, which were reviewed for The Times by an Apple engineer and four independent security researchers. Despite where it's headed, it maintains its position at the top. world relating to economic and political issues as well as Of these, 216, or 97.3%, generate less than $2.08 trillion in annual GDP.. The remaining 20,000 cut across a wide range of categories. In the 2021/2022 crop year, China was the leading producer of apples worldwide. A trillionaire is an individual with a net worth of more than one trillion in U.S. dollars or another similarly valued currency. A new patent suggests that it could be Fitbit that beats Apple to a cutting-edge health feature. Apple Card is available only in the U.S. Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch. Copyright Raymond Zhong reported from Guiyang. Apple said it had removed his iPhone app in China because it had determined it was illegal there. Apple Pay transaction volume for in-store purchases has increased rapidly over the past two years, going from $90 billion t0 $650 billion. It surpassed 50 million annual sales in 2022. Since then, Apple has struggled to entice new customers and iPad owners typically hold onto their device for more than three years. The past few product launches have been smaller in scope, like the HomePod and AirPod, and Apple fans are clamouring for the next iPhone. You may opt-out by. However, Apple is currently going through tough times in its second home. We agreed to this timeline three years ago, said one slide. It is unclear what led to the change. 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. All other regions have been steady in terms of sales. Apples five software platforms iOS, iPadOS, macOS, watchOS, and tvOS provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. The Americas segment includes North and South America. Today, the App Store supports more than 2.1 million US jobs across all 50 states. Apple also planned to use low-cost hardware originally designed for the Apple TV. Apple is one of the biggest job creators in the US. YouTube, Apple, podcasting, Twitch | 10K views, 450 likes, 143 loves, 543 comments, 176 shares, Facebook Watch Videos from Congressman Matt Gaetz:. Apple's market value exceeds the combined net worth of most of the world's billionaires, entire nations' economies, and the market value of most exchanges. People may receive compensation for some links to products and services on this website. Apple has improved the accuracy of its smart assistant year-on-year, according to Loup Ventures, which run yearly tests on all of the major mobile smart assistants. 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 Chinese are serial iPhone breakers, said Ross J. Anderson, a University of Cambridge cybersecurity researcher who reviewed the documents. A bigger chunk of the tech-using population relies on free third-party services. 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. 28 May 2014 - Apple announces the purchase of Beats for around US$ 3 Billion. Indian smartphone and laptop users generally avoid paid entertainment services. You can learn more about the standards we follow in producing accurate, unbiased content in our. Apple pulled the app and began investigating. "This business model only . The margin. It also offers a year of TV+ to iPhone and iPad buyers for free, which means most subscribers are still on free trial. There will be immense pressure to get it done. Instead of laying off full-time permanent employees, Apple has begun letting go of contractors. The Statista "Chart of the Day" currently focuses New Apple Music subscribers in the 52 additional countries can enjoy a six-month free trial of the service, with locally curated playlists including Africa Now, Afrobeats Hits, Ghana Bounce, and more. "Costs of Major U.S. Wars," Pages 4 and 5. In early 2018, Guo Wengui, an exiled Chinese billionaire, was spending much of his time in Manhattan trying to broadcast his claims of corruption inside the Communist Party. During that time period, China's apple production amounted to almost 46 million metric tons. As a subscriber, you have 10 gift articles to give each month. Sometimes, Mr. Shoemaker said, he was awakened in the middle of the night with demands from the Chinese government to remove an app. The App Store, Apple Arcade, Apple Music, Apple Podcasts, and iCloud are now available to more customers around the world. Get full access to all features within our Business Solutions. 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. Mr. Cook declined an interview for this article. Censorship, Surveillance and Profits: A Hard Bargain for Apple in China, https://www.nytimes.com/2021/05/17/technology/apple-china-censorship-data.html. Its success has inspired competitors such as. Apple has rebalanced its revenue weighting from products to products and services. Throughout the decade, Apple has kept a core set of products: MacBook Air, MacBook Pro, Mac Pro and iMac. It operates. Here's a more recent look at the company's financial performance. 1. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Chinese state employees physically manage the computers. 2. And the digital keys that unlock information on those computers are stored in the data centers theyre meant to secure. Furthermore, Apple has grown to be an organization of national interest. Amazon reported a 2020 net worth of $43.55 billion, trailing behind Apple's $65 billion. Just last month, Apple announced a massive new US energy storage project in Californias Monterey County joining other energy storage projects the company has invested in, including its microgrid at Apple Park. The reality is that, globally, Apple is fighting on multiple fronts to stay at the top. The Apple data center in Guiyang as seen in a satellite image. macOS, iOS, iPadOS, tvOS, watchOS, CarPlay, HomePod, Windows, Android, Chrome OS, Amazon Echo, Sonos, and web More Music & Audio App Data Clubhouse Revenue and Usage Statistics (2023) 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. This is approximately 13 times greater than Apple's market cap. iPhone continues to be the main revenue generator, but its percentage has decreased in the past five years. Apple used more suppliers . 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. This produced one of the lowest operating margins among the segments at 33.2%. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. Apple (AAPL) has officially reported its earnings for fiscal Q3 2021, covering the months of April, May, and June. Apple plans to make new contributions of more than $430 billion in the US and add 20,000 jobs across the country over the next five years. "He also shut down 10 of the 19 Apple warehouses to limit overstocking." I call China Apples second home. The country is a potentially lucrative market, making high-end products at low cost. !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. "The Real Time Billionaires List. Cupertino, California Apple today announced an . Mr. Guthrie delivered his warning to Mr. Cooks top deputies, including Phil Schiller, a longtime marketing chief; Eddy Cue, head of internet software and services; Lisa Jackson, the companys government affairs chief; and Jeff Williams, its operations chief, who is widely viewed as Mr. Cooks right-hand man. There was little sign of its purpose, apart from the flags of Apple and China flying out front, side by side. Apple has also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, Oregon. The Greater China segment comprises of China, Hong Kong, and Taiwan. To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017. Please do not hesitate to contact me. 2023 Currently, you are using a shared account. Apples situation in China is looking dicey. Yet thats an aspect of their new agreement MLS and Apple have seemed to almost purposefully ignore. At a market cap of more than $2.1 trillion, Apple's market capitalization is larger than 96% of country GDPs, a list that includes Italy, Brazil, Canada, and Russia.. ", Yahoo Finance. Cost of WWI, the Vietnam War, and the Iraq War, 5. To keep its ground, it has implemented or considered many strategies: However, to pass the trillion-dollar mark, Apple will have to come up with more than just strategies. They were just furious.. GCBD declined to answer questions about its Apple partnership. While sales dropped in 2021, the launch of higher-end iPads meant more revenue per sale. Overview Apple is a company that designs, manufactures, and markets mobile communication and media devices. Apple has been rather inactive in the smart TV market as well, with Roku and Amazon ahead it in units sold. "The World's Real-Time Billionaires List. 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. Accessed March 04, 2023. https://www.statista.com/statistics/382175/quarterly-revenue-of-apple-by-geograhical-region/, Apple. A paid subscription is required for full access. Investopedia requires writers to use primary sources to support their work. But those R&D centers complicated Apples image as a California company. 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. Seeking to improve the retail presentation of Macintosh computers, Jobs and then Senior Vice President for Worldwide Operations Tim Cook laid out plans for a fundamental change in Apple's retail program. Apple Inc. leads all public companies with a $2.08 trillion market cap. Apple Inc. All rights reserved. The company has developed an entire healthcare ecosystem. Apple invested $6 billion into TV+ in 2019, a huge gamble in a market with Netflix, Amazon and Disney all competing for eyeballs. In this scenario, China is a viable alternative. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: When Steve Jobs returned to Apple as interim CEO in 1997, the company relied on PC and electronics stores for the bulk of its Macintosh sales. Some analysts see it as the most important segment of the company, potentially reaching $50 billion in profit by 2025. In August 2018, Apple Inc. (AAPL) became the world's first company to record a market capitalization of $1 trillion and roughly two years later, became the first publicly traded U.S. company to surpass $2 trillion. As of March 15, 2021, Apple's market cap increased to $2.08 trillion. To put that staggering $2 trillion figure in context, we present five other huge things that the giant technology company is bigger than or comparable to in terms of value. Access to this and all other statistics on 80,000 topics from, Show sources information
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