It offers personal computers, portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The colleague replied that Mr. Guo probably should be on the list, given that he had been spreading unverifiable defamatory stories about Chinese officials. An increasingly important part of Apple, as it continues to add more subscriptions and services to its iOS platform. For individual content and infographics in your Corporate Design, Apple Services now available in more countries around the world. 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. Apple was the leading smartwatch vendo r, claiming 52.5% of the global smartwatch market share as of 2021. Apple employs a strong workforce of 22,000 in the European region. Use is, however, only permitted with Wearable, Home and Accessories revenue Apple generated $41.1 billion revenue from this segment in 2022. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. Cost of WWI, the Vietnam War, and the Iraq War, 5. Apple is known as the global leader in the tech industry, specifically for iPhones. *Click below to enlarge (charted byStatista), Total number of Apple Stores worldwide as of May 14, 2021, This is a BETA experience. The Chinese network would be established, managed, and monitored separately from all other networks, with no means of traversing to other networks out of country. Two Apple engineers said the measure was to prevent security breaches in China from spreading to the rest of Apples data centers. 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. The US-banned company launched budget smartphones locally and won 42% of Chinas smartphone market in Q3 2019, according to Canalys data. For instance, between 1977 and 1980, the company had an average annual growth rate of 533%. 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. Sources: Bloomberg, Statista. Apple. President Xi Jinping of China, lower left, greeting Apples chief executive, Tim Cook, in 2015. Does Statista also create infographics in a customized design? 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. 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. When publishing one of these graphics, There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Chinese officials say their cybersecurity law is intended to protect Chinese residents data from foreign governments. 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. Construction for Apples $1 billion Austin campus is underway, with employees expected to start moving into the space next year. 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. The iPhone's Assemblers. 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. Can I integrate infographics into my blog or website? At this moment of recovery and rebuilding, Apple is doubling down on our commitment to US innovation and manufacturing with a generational investment reaching communities across all 50 states, said Tim Cook, Apples CEO. Or do you stand on the sideline and yell at how things should be? he said at a conference in China in 2017. 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 Statista "Chart of the Day", made available Apple envisioned the tablet as a bridge between the smartphone and laptop, with the capabilities to be both. Jobs believed this required a transformation in the relationship with the customer who should be afforded more control over the presentation of the products. Note: Apple stopped reporting iPad sales in Q4 2018. Apple has utilized different regions universal selling points in its favor, creating a win-win situation for itself and each region. So were apps that allowed users to message privately, share documents and browse websites the Chinese government had blocked. In the beginning, Apple stores were locations to touch and see the Apple lifestyle experience. He earns approximately $15 million per year in salary and bonuses.. A businesss expansion into a new market should always be based on the local culture and sentiment. The App Store, Apple Arcade, Apple Music, Apple Podcasts, and iCloud are now available to more customers around the world. iCloud needs influential friends in China.. world relating to economic and political issues as well as By 2004, Apple's new retail model raked in $1 billion in sales. 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. Investopedia requires writers to use primary sources to support their work. When Apple managers questioned Mr. Pham, he told them the app didnt violate any policies. 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. iPhone is Apples most valuable product and has, since 2008, been its main source of revenue. Please create an employee account to be able to mark statistics as favorites. 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. Under the direction of Deirdre O'Brien, Apple Stores are staffed by more than 70,000 team members and 3,000 Creative Pros. Censorship, Surveillance and Profits: A Hard Bargain for Apple in China, https://www.nytimes.com/2021/05/17/technology/apple-china-censorship-data.html. Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. dollars) [Graph]. This segment alone generated $53 billion revenue in 2020, making it Apples second largest segment. Apple has also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, Oregon. Furthermore, Apple has grown to be an organization of national interest. 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. In line with the current White House administrations aim to make America great again, Apple is investing in domestic suppliers and manufacturing partners. 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. This new era has made the league a lot more accessible for most fans. While Apple regularly responded to court orders for access to customer data, Mr. Cook had rebuffed the F.B.I. The cybersecurity law went into effect in June 2017. In fact, only seven countries in the world have a higher GDP than Apple's market cap. Six months later, Mr. Guo submitted his app again, with changes to elude Apples software. These decisions are not always easy, and we may not agree with the laws that shape them, the company said. daily and featuring the latest statistics from the media, Even though the PC market saw higher sales in 2020, for the past decade it has been in gradual decline. Yet a Times analysis of Chinese app data suggests those disclosures represent a fraction of the apps that Apple has blocked in China. If Apple decides to bear the tariff costs, its EPS could fall by 23% in 2020. The UK comes third for Apple Stores with 38. You need a Statista Account for unlimited access. To equal Apple's market cap, one must combine the net worth of the world's top 24 billionaires.. Economies of Entire Countries . 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. Apple has been rather inactive in the smart TV market as well, with Roku and Amazon ahead it in units sold. The entrance to Apples new data center, which the company hoped to complete next month. But those R&D centers complicated Apples image as a California company. Copyright 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. Apple commits $430 billion in US investments over five years. 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.. Indian sentiment thrives on budget spending. Apple does not break out its other categories, making it difficult to determine how much revenue each product is generating. Tim Cook, Apples chief executive, has said the data is safe. 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. Jobs believed this had to involve a transformation in the customer relationship where purchasers were afforded more control over the presentation of the products. S ome 36 additional countries will receive shipments of Apple's iPhone 6 this month, with over 115 countries on track to get the big-screen . Thu 3 Jun 2021 00.54 EDT Last modified on Thu 3 Jun 2021 01.53 EDT. Currently, you are using a shared account. Here's a more recent look at the company's financial performance. 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 failed in this segment, too, unlike peers Google and Microsoft. Its success has inspired competitors such as. Since major Western countries have higher GDP per capita than most Asia-Pacific regions, premium consumer tech companies such as Apple report substantial sales in these countries. This app and any Guo Wengui app cannot be on the China store, he wrote, according to the emails filed in the court case. Americas is responsible for 43% of all revenue generation and approximately 40% of that is from the United States alone. The reality is that, globally, Apple is fighting on multiple fronts to stay at the top. By Jack Nicas,Raymond Zhong and Daisuke Wakabayashi. 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. The service can back up everything stored on an iPhone or Mac computer, and can reveal the current location of a users Apple devices. The company earns a fifth of its revenue in the China region. The UK comes third for Apple Stores with 38. Despite where it's headed, it maintains its position at the top. Behind the scenes, Apple has constructed a bureaucracy that has become a powerful tool in Chinas vast censorship operation. sports and entertainment. Dollars). As Mr. Guthrie was delivering his warnings, Apple set about keeping the Chinese government happy. 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. They only indicate that Apple has made compromises that make it easier for the government to do so. "Monthly Budget Review: Summary for Fiscal Year 2020. Since then, Apple has struggled to entice new customers and iPad owners typically hold onto their device for more than three years. 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. ", Congressional Budget Office. Apple works with suppliers in 43 countries and six continents to make its products, and the chain gets even . In those three years, Apple's yearly sales grew from a little over $775,000 to $118 million. In fiscal 2019, Apple generated $43.7 billion in revenue from China, or 16.7% of its total revenue. Copyright Apple Music is available in 167 countries What platforms does Apple Music support? China, including Hong and Macau, has the second highest number at 50 while the United Kingdom has the third highest amount at 38. Overview Apple is a company that designs, manufactures, and markets mobile communication and media devices. In comparison to AirPods, HomePod has seen limited success. High-end smartphonescosting from $300makeup only 6% of the market, or just 6 million units.. "Federal Debt: Total Public Debt.". Apple still appears to provide far more data to U.S. law enforcement. Apple has tried to isolate the Chinese servers from the rest of its iCloud network, according to the documents. But which one works best for you? It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. Mr. Cook declined an interview for this article. Apple plans to store the personal data of its Chinese customers there on computer servers run by a state-owned Chinese firm.CreditCNES/AIRBUS. During that time period, China's apple production amounted to almost 46 million metric tons. 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. It operates. A resulting report said the app was published because the China hide process was not followed, according to court documents. (Rendering: Studio8 Architects and WP Visions). Key takeaways: Apple is the world's most valuable brand, worth $263.4 billion as of 2021. Apple shipped over 228 million iPhones in 2021. All other regions have been steady in terms of sales. How many countries does Apple operate in? Use Forbes logos and quotes in your marketing. These include white papers, government data, original reporting, and interviews with industry experts. Its perhaps the worlds most recognizable consumer tech brand. With the keys in China, the government has two avenues to the data, security experts said: demand it or take it without asking. Its success has inspired competitors such as Samsung, Xiaomi and Huawei to pursue a similar strategy and open their own physical retail stores. "How Much is Tim Cook Worth?". The stores themselves have been described as being a temple for the Apple brand and they have been credited with dramatically raising its profile. While sales dropped in 2021, the launch of higher-end iPads meant more revenue per sale. Even though Apple device sales have stagnated in the past few years, it has added more active iPhone users every year. 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. Originally known for desktop computers, Apple was one of the first companies to switch to the graphical user interface (GUI) and saw success with the first Macintosh. 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. Apple said that most of the apps it removed for the Chinese government were related to gambling or pornography or were operating without a government license, such as loan services and livestreaming apps. 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. Cupertino, California Apple announced that starting today, even more customers around the world can enjoy many of Apple's most popular Services. The second major geography that Apple dominates is Europe. Considered as one of the most popular fruits, it is used in variety of food items such as apple shakes, apple cakes, apple pies, and wines derived from apple fermentation. All values afterwards are estimates. Note: Apple stopped reporting iPhone sales in Q4 2018. ", 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. 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. Apples $430 billion US investments include working with more than 9,000 suppliers and companies large and small in all 50 states, supporting American job creation across dozens of sectors, including silicon engineering, 5G, and manufacturing. As a Premium user you get access to the detailed source references and background information about this statistic. Guo Wengui, an exiled critic of Chinas government, in 2017. Tim Cook might have to consider shifting iPhone assembly to other Asian nations, such as Taiwan or Malaysia. With iPhone and iPad sales not likely to see much significant movement, Apple sees services as a way to continue growing. 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. Yet thats an aspect of their new agreement MLS and Apple have seemed to almost purposefully ignore. October 27, 2022. From the region, it generated around 23% of its revenue in fiscal 2019. Its market capitalization, or market value, is calculated as the total number of outstanding shares of stock multiplied by its market price. A total of 5.3 million Mac computers were sold during Q4 2018. This figure exceeds the GDP of most countries. to incorporate the statistic into your presentation at any time. You may opt-out by. In Q1 2022, Apple's iPhone sales accounted for 57.8% of the company's overall revenue. Apple Music offers more than 60 million songsandlocally curated playlists including Africa Now, Afrobeats Hits, and more. Dec 20, 2022. Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. Apple used more suppliers . Apple iPad Pro Vs. Apple iPad Air: Which Should You Choose? Cupertino, California Apple announced that starting today, even more customers around the world can enjoy many of Apples most popular Services. Apple generated $41.1 billion revenue from this segment in 2022. proper attribution to Statista. E-commerce and tech giant Amazon joined the $1 trillion club in September 2018, one month after Apple. There will be immense pressure to get it done. Wearable, Home and Accessories quarterly revenue 2015 to 2023 ($bn) In the US and Europe, Apple has reached a saturation point. According to the companys 2019 SEC filing, the country alone accounts for 45% of Apples revenue. This is approximately 13 times greater than Apple's market cap. 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. under the Creative Commons License CC BY-ND 3.0, may be used Chinese workers assemble nearly every iPhone, iPad and Mac. So Mr. Cook agreed to move the personal data of his Chinese customers to the servers of a Chinese state-owned company. 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. But Apple and the Chinese government have made an unusual arrangement to get around American laws. Need infographics, animated videos, presentations, data research or social media charts? A paid subscription is required for full access. after it demanded Apples help breaking into an iPhone belonging to a terrorist involved in the killing of 14 people in San Bernardino, Calif. Now the Chinese government had an even broader request. About half of all iPhone users actively use Apple Pay, according to Loup Ventures. 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. 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 Chinese government must approve any encryption technology that Apple uses in China, according to two current Apple employees. 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. "Revenue of Apple by Geographical Region from The First Quarter of 2012 to 4th Quarter 2022 (in Billion U.S. The consumption of fresh market apples in 2019 accounted for 10 pounds (ERS, 2021). In a presentation to some engineers last year, according to slides viewed by The Times, managers made clear that the stakes were high. It surpassed 50 million annual sales in 2022. Feel free to contact us anytime using our contact form or visit our FAQ page. 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. Apple brings in $55 billion a year from the region, far more than any other American company makes in China. As iPhone revenues have stagnated, Apple has looked for new ways to generate revenue from the iPhone. Mr. Cook approved the decision, according to two people with knowledge of the matter who spoke on the condition of anonymity. Latest Company & Industry Overviews News and Updates. 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. In 2018, the Americas had an operating profit of $26.2 billion, contributing 42% to Apple's total profit. However, we know Watch, AirPods and Beats are the three key products in this segment. A company's net worth is calculated as its assets minus liabilities. And the digital keys that unlock information on those computers are stored in the data centers theyre meant to secure. Apples new data center in the Inner Mongolia region of China. By signing up you agree to our privacy policy. Please do not hesitate to contact me. It was a difficult environment considering the success cheaper Windows-based platforms were enjoying at that time. International COVID-19 Stimulus and Relief, Biden to Seek New Taxes on Billionaires, Share Buybacks in Annual Address, National Debt: Definition, Impact, Key Drivers, Current U.S. Debt. 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. More than 35,000 of those apps were games, which in China must get approval from regulators. One can imagine what record it will break next. already surveil their citizens in myriad other ways, what Mr. Cook suggested in a 2018 interview. The latest news and updates, direct from Apple. Mr. Guthrie concluded that no other country could offer the scale, skills, infrastructure and government assistance that Apple required. Apple resisted an order from the Chinese government in 2012 to remove The Timess apps. YouTube, Apple, podcasting, Twitch | 10K views, 450 likes, 143 loves, 543 comments, 176 shares, Facebook Watch Videos from Congressman Matt Gaetz:. The country upon which Apple relies for its major hardware production is in a trade conflict with its home country. According to data reported by IDC and Counterpoint Research, Samsung, Xiaomi, Oppo, and Vivo held ~70% of the Indian smartphone shipment market in 2018. 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. 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. Sales have steadily fallen in China since 2015, although it received a slight bump in 2021. 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. Important people put their reputations on the line. But today, Apple is facing stagnation in its own market. Apple (AAPL) has officially reported its earnings for fiscal Q3 2021, covering the months of April, May, and June. 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. Apple invested $6 billion into TV+ in 2019, a huge gamble in a market with Netflix, Amazon and Disney all competing for eyeballs. The documents showed that Apples deadline to start storing data in the new Chinese data centers was June 2021. The next iPad Pro may come with an OLED screen, and the latest report claims itll come with a big price increase. How many Apple stores are there in 2020? India is among the worlds fastest-growing economies. Other companies faced a similar dilemma in China, but Apple was uniquely exposed because of its high profile and acute dependence on the country. 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. The digital keys that can decrypt iCloud data are usually stored on specialized devices, called hardware security modules, that are made by Thales, a French technology company. The Europe segment consists of European countries, as w Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. 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. "This business model only . It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. But Apple said that the documents included outdated information and that its Chinese data centers feature our very latest and most sophisticated protections, which would eventually be used in other countries. 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. 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. This statistic is not included in your account.
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