The latest news and updates, direct from Apple. Apple also planned to use low-cost hardware originally designed for the Apple TV. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. 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. According to a CNBC report in January, on India, Tim Cook said, I feel like were making good progress there and are gaining an understanding of the market, but we still have a long way to go, which I sort of see as an opportunity instead of a problem. Dec 20, 2022. He turned the companys fortunes around, launching iTunes and iPod in 2001. It operates. And I do feel great about the growth rate.. As part of its investments and expansion, Apple plans to invest over $1 billion in North Carolina and will begin construction on a new campus and engineering hub in the Research Triangle area. 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. Documents reviewed by The Times do not show that the Chinese government has gained access to the data. When publishing one of these graphics, For the first time seriously, Los Blancos are the subject of a new, fly-on-the-wall documentary releasing on March 10. She suggested that the question be elevated to Apples executive review board, a group of executives who decide the trickiest App Store issues, including top deputies to Mr. Cook. 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. As a Premium user you get access to the detailed source references and background information about this statistic. In 2018, Apple broke the record to become the first company to record a $1 trillion market capitalization. At the same time, we didnt want to get hauled up in front of the Senate to talk about why were quote censoring apps in China, he said. For Chinese authorities, this is no longer about, How much money are you pouring into China? This is about, What are you giving back? Mr. Guthrie said. The next iPhone didnt include the phrase. Indian sentiment thrives on budget spending. Under the direction of Deirdre O'Brien, Apple Stores are staffed by more than 70,000 team members and 3,000 Creative Pros. To date, nearly 60 of Apples US sites are LEED certified. "Monthly Budget Review: Summary for Fiscal Year 2020. Western markets have very few first-time buyers, and the device upgrade cycle of Apples user base has stretched. The past few product launches have been smaller in scope, like the HomePod and AirPod, and Apple fans are clamouring for the next iPhone. Last month Apple began streaming MLS games and next month Apple will begin their second season of streaming MLB games. Apple generated $41.1 billion revenue from this segment in 2022. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. It is unclear what led to the change. In comparison to iPhone, iPad and Mac, Apples services revenue has increased year-on-year. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. "Apple becomes first U.S. company to reach a $2 trillion market cap. The ideal entry-level account for individual users. According to the press release, the App . Apple iPhone unit sales worldwide 2007-2018, by quarter, Global market share held by smartphone operating systems 2009-2018, by quarter, Virtual reality (VR) - statistics & facts, Research expert covering the global consumer technology industry, Profit from additional features with an Employee Account. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Yet a Times analysis of Chinese app data suggests those disclosures represent a fraction of the apps that Apple has blocked in China. iPhone continues to be the main revenue generator, but its percentage has decreased in the past five years. Apple said that since 2017, it had taken down 70 news apps in response to Chinese government demands. 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. A budget deficit occurs when expenditures exceed revenue and is the term commonly used to refer to government spending and national debt. 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. But Apple and the Chinese government have made an unusual arrangement to get around American laws. iPhone is Apples most valuable product and has, since 2008, been its main source of revenue. Apple said it designed the iCloud security in such a way that only Apple has control of the encryption keys.. 2023 And the digital keys that unlock information on those computers are stored in the data centers theyre meant to secure. Cost of WWI, the Vietnam War, and the Iraq War, 5. Apple recently began disclosing how often governments demand that it remove apps. This produced one of the lowest operating margins among the segments at 33.2%. Accessed March 04, 2023. https://www.statista.com/statistics/382175/quarterly-revenue-of-apple-by-geograhical-region/, Apple. Use This Visualization. The discrepancy between Apples disclosures and the Times analysis is in part because Apple is removing apps before Chinas internet censors even complain. 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. President Xi Jinping of China, lower left, greeting Apples chief executive, Tim Cook, in 2015. Apple Music is available in 167 countries What platforms does Apple Music support? We have never compromised the security of our users or their data in China or anywhere we operate, the company said. !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. Services has seen the highest percentage increase over the past five years. Apple is known as the global leader in the tech industry, specifically for iPhones. Apple said it removed Mr. Guos app in China because it had determined it was illegal there. The stores themselves have been described as being a temple for the Apple brand and they have been credited with dramatically raising its profile. It was bad news for Apple, which had staked its reputation on keeping customers data safe. 2023 Forbes Media LLC. Next week marks 20 years of the Apple Store. 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. iCloud needs influential friends in China.. Were delighted to bring many of Apples most beloved Services to users in more countries than ever before, said Oliver Schusser, Apples vice president of Apple Music and International Content. Key takeaways: Apple is the world's most valuable brand, worth $263.4 billion as of 2021. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. To equal Apple's market cap, one must combine the net worth of the world's top 24 billionaires.. We have a deep sense of responsibility to give back to our country and the people who help make our success possible.. The UK comes third for Apple Stores with 38. If the app appeared to mention the banned topics, he would remove it, but he would send more complicated cases to senior executives, including Mr. These services are provided by Green Dot Bank, member FDIC. It was unclear how the officials knew about it. The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. Apple is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. Hotly anticipated after the success of the iPhone, the iPad made an immediate mark, adding $19 billion to Apples revenue in the first year. Sources: Counterpoint Research, TF International Securities, Strategy Analytics. But just as Mr. Cook figured out how to make China work for Apple, China is making Apple work for the Chinese government. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. Sources: Bloomberg, Statista. China, including Hong and Macau, has the second highest number at 50 while the United Kingdom has the third highest amount at 38. The new approach saw Apple launch its online shop in 1997 while the first two physical retail stores opened on May 19, 2001 in Tysons, Virginia and Glendale, California. These include white papers, government data, original reporting, and interviews with industry experts. However, the challenges for Apple in the country are not like those in others. Statista offers daily infographics about trending topics, covering:Economy & Finance, Politics & Society, Tech & Media, Health & Environment, Consumer, Sports and many more. Source: Company data. More than 600 news apps also disappeared. on two sectors: "Media and Technology", updated Then you can access your favorite statistics via the star in the header. The colleague replied that Mr. Guo probably should be on the list, given that he had been spreading unverifiable defamatory stories about Chinese officials. 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. The US is Apples home ground. About Apple Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. Russias War On Ukraine: Daily News And Information From Ukraine, Sen. Feinstein Hospitalized With ShinglesStraining Democrats Narrow Majority, Football Head Injuries Could Impair Thinking And Memory For Decades, Research On Retired NFL Players Finds. Apple employs a strong workforce of 22,000 in the European region. For individual content and infographics in your Corporate Design, Apple has switched its focus to services and other long-term revenue sources, as customers keep their phones for longer. Compared to the U.S., the world's largest economy with a GDP of $21.43 trillion in 2019, Apple's market cap represents 9.7%., Only 7 countries have annual GDP figures greater than Apple's market cap. Since it launched in 2015, Apple Watch has led the smartwatch market with over 50% market share. The country upon which Apple relies for its major hardware production is in a trade conflict with its home country. This app and any Guo Wengui app cannot be on the China store, he wrote, according to the emails filed in the court case. The. please visit our agency website, Your contact to the Infographics Newsroom, Find your information in our database containing over 20,000 reports, Our infographics team prepares current information in a clear and understandable format, Relevant facts covering media, economy, e-commerce, and FMCG topics, Use our newsletter overview to manage the topics that you have subscribed to. Apple believes that gives it a legal shield from American law, according to a person who helped create the arrangement. The security experts said that arrangement alone represented a threat that no engineer could solve. 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. The Market Value of Some Stock Exchanges, 4. A map of world apple producing regions in 2000 This is a list of countries by apple production in 2016 and 2017, based on data from the Food and Agriculture Organization Corporate Statistical Database. 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. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. Apple has added more active devices every year in the US, but are around 50 million units behind Roku. Mr. Cook approved the decision, according to two people with knowledge of the matter who spoke on the condition of anonymity. It traces its origins back to 1997 when Steve Jobs returned to the company as interim CEO. Its history is phenomenal, and the lengths to which Apple has gone to upgrade its tech are revolutionary. "Costs of Major U.S. Wars," Pages 4 and 5. While some analysts predicted failure for the new store, they enjoyed a lucrative opening weekend, taking in $599,000. Other companies faced a similar dilemma in China, but Apple was uniquely exposed because of its high profile and acute dependence on the country. were updated less than a year before leaving the Chinese iOS store) and have not returned as of March 11, 2021. dollars)." 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. So Mr. Cook agreed to move the personal data of his Chinese customers to the servers of a Chinese state-owned company. Apple Pay transaction volume for in-store purchases has increased rapidly over the past two years, going from $90 billion t0 $650 billion. The iPhone maker will have to recognize the Indian populations style of smartphone usage. Twenty years later, Apple now has 510 stores across 25 countries and territories. Under the new setup, Chinese authorities ask GCBD not Apple for Apple customers data, Apple said. The company said in a statement that it followed the laws in China and did everything it could to keep the data of customers safe. 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. Apple does not break out its other categories, making it difficult to determine how much revenue each product is generating. The Statista "Chart of the Day" currently focuses Mr. Guos media outlets have a history of peddling misinformation. The documents show that GCBD employees would have physical control over the servers, while Apple employees would largely monitor the operation from outside the country. U.S. law has long prohibited American companies from turning over data to Chinese law enforcement. Apple envisioned the tablet as a bridge between the smartphone and laptop, with the capabilities to be both. Even though Apple device sales have stagnated in the past few years, it has added more active iPhone users every year. Performance & security by Cloudflare. Please note that the code must be integrated into the HTML code (not only the text) for WordPress pages and other CMS sites. All values afterwards are estimates. 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. In fiscal 2019, Apple generated $43.7 billion in revenue from China, or 16.7% of its total revenue. Apple has utilized different regions universal selling points in its favor, creating a win-win situation for itself and each region. Note: 2021 is a projection. The EU has stood by its fine, stating that Member States cannot give tax benefits to selected companies this is illegal under EU state aid rules.. Apple (AAPL) has officially reported its earnings for fiscal Q3 2021, covering the months of April, May, and June. 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. Apples China team warned Mr. Cook that China could shut down iCloud in the country if it did not comply with the new cybersecurity law. Therefore, all Apple had to do was understand the market before it could start churning out profits. However, we know Watch, AirPods and Beats are the three key products in this segment. To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017. In comparison to AirPods, HomePod has seen limited success. Are you interested in testing our business solutions? The US-China trade war has caught Apple in the crossfire. How many Apple stores are there in 2020? Apple iPhone 14: New Leak Claims A Surprise iPhone To Land In Days, Apple Loop: Disappointing iPhone 15 Pro News, Apples Expensive Battery Option, iPhone SE Returns. And competitors such as Samsung and OnePlus are threatening Apple in the premium smartphone category. In the three years before Chinas cybersecurity law went into effect, Apple never provided the contents of a users iCloud account to the Chinese authorities and challenged 42 Chinese government requests for such data, according to statistics released by the company. All values as of most recently reported quarter unless otherwise noted. It is still behind Flipboard, with 145 million MAUs, but may surpass it by 2022. 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. More than 35,000 of those apps were games, which in China must get approval from regulators. Chinese workers assemble nearly every iPhone, iPad and Mac. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. Note: Includes apps that were active at their time of removal (i.e. Please do not hesitate to contact me. "Revenue of Apple by Geographical Region from The First Quarter of 2012 to 4th Quarter 2022 (in Billion U.S. You may opt-out by. Your choice is: Do you participate? While still behind Google Assistant and Amazon Alexa, Siri is catching up. Latest Company & Industry Overviews News and Updates. GCBD declined to answer questions about its Apple partnership. You need a Statista Account for unlimited access. But China would not approve the use of the Thales devices, according to two employees. The documents showed that Apples deadline to start storing data in the new Chinese data centers was June 2021. [Online]. Mr. Shoemaker said he and his team rationalized removing apps by framing them as simply enforcing a countrys laws. Get full access to all features within our Business Solutions. Apple works with suppliers and partners across all 50 states, including II-VI, which manufactures for Apple in Texas, New Jersey, Pennsylvania, and Illinois. Now it has to answer to the Chinese government. If Apple's market capitalization was equal to a country's annual GDP, it might just be in the G7. 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.. 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. A new patent suggests that it could be Fitbit that beats Apple to a cutting-edge health feature. 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. Which Company Is Richer, Microsoft or Apple? As iPhone revenues have stagnated, Apple has looked for new ways to generate revenue from the iPhone. In public appearances, he has said that while he often disagrees with Chinas laws, the world is better off with Apple in China. Investopedia does not include all offers available in the marketplace. Before his app even became available on iPhones, the Chinese government was trying to block it. The Rest of Asia Pacific segment includes Australia and Asian countries. The rumor is that there could be a new iPhone 14 early next week. 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. Censorship, Surveillance and Profits: A Hard Bargain for Apple in China, https://www.nytimes.com/2021/05/17/technology/apple-china-censorship-data.html. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The company has provided battery replacement options for longer device usage. The service can back up everything stored on an iPhone or Mac computer, and can reveal the current location of a users Apple devices. Trade tensions between the US and China has to be discussed more with US administration, as Apple is a contributor to the US economy. 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. Furthermore, Apple has grown to be an organization of national interest. As soon as this statistic is updated, you will immediately be notified via e-mail. Apple has also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, Oregon. Apple Inc. leads all public companies with a $2.08 trillion market cap. Apples new data center in the Inner Mongolia region of China. Anyone can read what you share. Microsoft has an impressive market cap; however, it is not as large as Apple's. However, Apple's value pales in comparison to the nation's total federal debt of $26.945 trillion.. 1. 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. All Rights Reserved. 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. I call China Apples second home. The country is a potentially lucrative market, making high-end products at low cost. About half of all iPhone users actively use Apple Pay, according to Loup Ventures. 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. Jobs believed this had to involve a transformation in the customer relationship where purchasers were afforded more control over the presentation of the products. The Americas segment includes North and South America. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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) In those three years, Apple's yearly sales grew from a little over $775,000 to $118 million. A paid subscription is required for full access. Apple also continues to support jobs in the innovative iOS app economy, which facilitated $138 billion of commerce in 2019 in the US alone. Opinions expressed by Forbes Contributors are their own. That alarmed the security researchers. To make this many devices requires an incredibly complex and far-reaching supply chain. In addition to US developers, European developers also contribute App Store content. It also blocked tools for organizing pro-democracy protests and skirting internet restrictions, as well as apps about the Dalai Lama. Does Statista also create infographics in a customized design? He earns approximately $15 million per year in salary and bonuses.. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. So Apple created new devices to store the keys in China. A tariff war is an economic battle between countries where they levy additional taxes on each other's exports. Apple does not disclose such takedowns in its statistics. 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). 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. The iPhone maker is one of the few tech companies that has avoided significant layoffs. 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. 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.