"Apple becomes first U.S. company to reach a $2 trillion market cap. Copyright Trade tensions between the US and China has to be discussed more with US administration, as Apple is a contributor to the US economy. 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. Apple is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. However, it will take a long time until they come remotely close to matching the Apple Store empire. The trade war has imposed heavy tariffs on Chinese imports, meaning Apple could pay tariffs for importing its own products produced in China. 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. Wearable, Home and Accessories revenue Apple generated $41.1 billion revenue from this segment in 2022. In every other country combined over that period, Apple approved 40 percent of requests, removing 253 apps. A total of 5.3 million Mac computers were sold during Q4 2018. Access to this and all other statistics on 80,000 topics from, Show sources information AirPods were next, which paved the way for wireless headphones to become mainstream. As Apple grows its teams and operations in the US, the company is committed to doing so in an environmentally responsible manner with a focus on renewable energy and green innovation. That alarmed the security researchers. Dec 20, 2022. This new era has made the league a lot more accessible for most fans. Total Enterprise Value to Total Revenue (ttm). The Chinese employees were angered, according to Mr. Guthrie and another person in the room. A map of world apple producing regions in 2000 This is a list of countries by apple production in 2016 and 2017, based on data from the Food and Agriculture Organization Corporate Statistical Database. Apple has become a cog in the censorship machine that presents a government-controlled version of the internet, said Nicholas Bequelin, Asia director for Amnesty International, the human rights group. Our standard is 660 pixels, but you can customize how the statistic is displayed to suit your site by setting the width and the display size. Wearable, Home and Accessories quarterly revenue 2015 to 2023 ($bn) There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. What were panned by many as pricey accessories have become mainstream, with almost every phone manufacturer offering their own hearable to compete with Apple. How many stores does Apple have worldwide? - KnowledgeBurrow.com 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. Interactive chart of Apple (AAPL) annual worldwide employee count from 2010 to 2022. Apples are the most consumed fruit in the U.S., followed closely by oranges. Apple Music offers more than 60 million songsandlocally curated playlists including Africa Now, Afrobeats Hits, and more. 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. Apple is one of the most influential and recognisable brands in the world, responsible for the rise of the smartphone with the iPhone. Note: 2021 is a projection. About half of all iPhone users actively use Apple Pay, according to Loup Ventures. Gross Domestic Product (GDP): Formula and How to Use It, Billionaire: Definition, Examples, vs. Millionaire, U.S. Debt Ceiling: Definition, History, Pros, Cons, Clashes. 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.. The margin. Apple, he realized, had no Plan B. ", 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. As it stands, however, those companies will have a lot of work to do in order to match the global Apple Store empire. In public appearances, he has said that while he often disagrees with Chinas laws, the world is better off with Apple in China. The documents and interviews shine a light on a bureaucracy inside Apple designed to censor and block apps, often proactively, to appease the Chinese government. The iPhone saw Apple ascend to one of the most valuable companies in the world, with revenue increasing from $37.4 billion in 2008 to $65 billion in 2010. 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. The rumor is that there could be a new iPhone 14 early next week. The exact nature of the apps in the 2018 case was unclear, though court documents said they discussed Chinese Communist Party corruption. Apples (AAPL) trillion-dollar tech ecosystem is now present around the globe. 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. Awards from the fund have led to breakthrough innovations in laser technology, sustainable material development, 5G infrastructure, and other cutting-edge fields. The documents showed that Apples deadline to start storing data in the new Chinese data centers was June 2021. Which topics are covered by the "Chart of the Day"? But China would not approve the use of the Thales devices, according to two employees. Opinions expressed by Forbes Contributors are their own. The only exception is World War II, with an estimated cost of $4.1 trillion in 2011 dollars., Jeff Bezos is the worlds richest man according to Forbes magazine, which estimated his net worth to be $182.2billion as of March 15, 2021. The combined wealth of the top 10 on the Forbes list, including other well-known names such as Bill Gates and Warren Buffett, is estimated at $1.19 trillion, which is below Apple's market value. Shortly after Mr. Guo applied to the App Store, the Cyberspace Administration of China, the governments internet regulator, told Apple it wanted the app rejected. Note: Apples financial year ends in September. Apples | Agricultural Marketing Resource Center Americas is responsible for 43% of all revenue generation and approximately 40% of that is from the United States alone. It has considered relocating its production facilities. These include white papers, government data, original reporting, and interviews with industry experts. A trillionaire is an individual with a net worth of more than one trillion in U.S. dollars or another similarly valued currency. With iPhone and iPad sales not likely to see much significant movement, Apple sees services as a way to continue growing. 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. And competitors such as Samsung and OnePlus are threatening Apple in the premium smartphone category. 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). Here's everything you need to know about Apple Retail including COVID-19 status, new store openings, and the latest news. 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.. You can opt out anytime. 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. Dollars). The company has paid more than $23 billion to App Store developers across Europe, making a good market for itself. Apple continues to break records with its performance, shattering the market cap ceiling in 2018 at $1 trillion and again in 2020, doubling to $2 trillion. The per person consumption of apple juice and cider decreased to 12.6 pounds. Six months later, Mr. Guo submitted his app again, with changes to elude Apples software. In 2019 the average U.S. per person consumption of all forms of apples had increased to about 26.3 pounds. Apple is known as the global leader in the tech industry, specifically for iPhones. 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. Before his app even became available on iPhones, the Chinese government was trying to block it. 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. Even though the PC market saw higher sales in 2020, for the past decade it has been in gradual decline. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple's biggest iPhone 15 upgrade comes with a nasty surprise Apple has increased costs for iPhone, iPad and MacBook owners worldwide Apple TV+ could be making a bid to live stream Pac-12 sports replacing ESPN & Fox. Sources: Apple, Gartner. With the keys in China, the government has two avenues to the data, security experts said: demand it or take it without asking. The cybersecurity law went into effect in June 2017. Show publisher information 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 . But five years later, it ultimately did. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. By 2004, Apple's new retail model raked in $1 billion in sales. In 2018, Apple became the first American company to exceed $1 trillion in market capitalization. Apple still appears to provide far more data to U.S. law enforcement. 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. Apple Podcastsis the best place to browse and listen to the worlds largest catalog of podcasts. How U.S. Sanctions Keep Apple's iPhones Out of Some Countries - Time 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. In a presentation to some engineers last year, according to slides viewed by The Times, managers made clear that the stakes were high. Business Solutions including all features. India is among the worlds fastest-growing economies. 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. It operates. And I do feel great about the growth rate.. 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. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, eHealth - Gesundheits-Konsumenten-Apps im Apple Store nach Zielgruppe 2013, eHealth - Gesundheits-Konsumenten-Apps im Apple Store nach Therapiegebiet, eHealth - Anzahl der Gesundheits-Konsumenten-Apps im Apple Store nach Funktionalitt, eHealth - Gesundheits-Konsumenten-Apps im Apple Store entlang des Behandlungspfads, eHealth - Anzahl der Gesundheits-Apps im Apple Store nach Nutzer 2013, eHealth - Gesundheits-Konsumenten-Apps im Bereich psychische Gesundheit 2013. Apples $430 billion US investments include working with more than 9,000 suppliers and companies large and small in all 50 states. Apple hired Doug Guthrie in 2014 to help the company navigate China. The country upon which Apple relies for its major hardware production is in a trade conflict with its home country. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Cost of WWI, the Vietnam War, and the Iraq War, 5. An increasingly important part of Apple, as it continues to add more subscriptions and services to its iOS platform. 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. 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. Use This Visualization. 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.. This produced one of the lowest operating margins among the segments at 33.2%. iPhone is Apples most valuable product and has, since 2008, been its main source of revenue. Mr. Cook often talks about Apples commitment to civil liberties and privacy. Inside the iPhone: How Apple Sources From 43 Countries - Thomasnet Trieu Pham, an app reviewer in Cupertino, was assigned the app. In the two years ending June 2020, the most recent data available, Apple said it approved 91 percent of the Chinese governments app-takedown requests, removing 1,217 apps. Part of that effort was new research and development centers in China. One can imagine what record it will break next. Mr. Cook has made frequent, statesmanlike visits to China. 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. Apple Statistics, Facts, Updates, Operating Systems, Strategy - Market.us and displayed without charge by all commercial and 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. Apple said it had removed his iPhone app in China because it had determined it was illegal there. People waiting in line last year for the opening of a new Apple Store in Beijing. Were creating jobs in cutting-edge fields from 5G to silicon engineering to artificial intelligence investing in the next generation of innovative new businesses, and in all our work, building toward a greener and more equitable future.. 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. Apple believes that gives it a legal shield from American law, according to a person who helped create the arrangement. Apple has rebalanced its revenue weighting from products to products and services. Apple has tried to expand its chain of contracted manufacturers to other Asian countries such as . 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. While still behind Google Assistant and Amazon Alexa, Siri is catching up. Accessed March 04, 2023. https://www.statista.com/statistics/382175/quarterly-revenue-of-apple-by-geograhical-region/, Apple. 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. The Chinese government must approve any encryption technology that Apple uses in China, according to two current Apple employees. 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. non-commercial websites. The Americas segment includes North and South America. Investopedia requires writers to use primary sources to support their work. Apple employs a strong workforce of 22,000 in the European region. The Apple data center in Guiyang as seen in a satellite image. 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. Apple said it challenged those requests because they were illegal under U.S. law. "The World's Real-Time Billionaires List. 2023 Apple brings in $55 billion a year from the region, far more than any other American company makes in China. 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) Most importantly, Chinas digital infrastructure is already in place, much like the Wests. Sometimes, Mr. Shoemaker said, he was awakened in the middle of the night with demands from the Chinese government to remove an app. Apple operates 512 retail stores in 22 countries. It is still behind Flipboard, with 145 million MAUs, but may surpass it by 2022. 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. Yes, Statista allows the easy integration of many infographics on other websites. Apple said that since 2017, it had taken down 70 news apps in response to Chinese government demands. He turned the companys fortunes around, launching iTunes and iPod in 2001. 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 encrypts customers private data in its iCloud service. India is still uncharted territory for Apple. Apple generates more than half of its revenue from products. 47+ Incredible Apple Statistics in 2022 - Leftronic Or do you stand on the sideline and yell at how things should be? he said at a conference in China in 2017. The components manufactured by those companies all around the world are ultimately sent to just two companies to assemble into iPods, iPhones, and iPads. 10 Best Apple Patents US6323846B1 is the most popular patent in the Apple portfolio. Episode 88 LIVE: Balloon Mania - Firebrand with Matt Gaetz | YouTube People may receive compensation for some links to products and services on this website. The next iPhone didnt include the phrase. Countries and regions that support Apple Pay - Apple Support under the Creative Commons License CC BY-ND 3.0, may be used 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. Its success has inspired competitors such as Samsung, Xiaomi and Huawei to pursue a similar strategy and open their own physical retail stores. If Apple's market capitalization was equal to a country's annual GDP, it might just be in the G7. The development gave Chinese smartphone maker Huawei the chance to make its move. Since it launched in 2015, Apple Watch has led the smartwatch market with over 50% market share. Other companies faced a similar dilemma in China, but Apple was uniquely exposed because of its high profile and acute dependence on the country. Under the new setup, Chinese authorities ask GCBD not Apple for Apple customers data, Apple said. In Q1 2022, Apple's iPhone sales accounted for 57.8% of the company's overall revenue. The total market capitalization of all shares traded on the top U.S. stock exchanges was $45.57 trillion as of March 15, 2021. Apple represents 4.56% of that total. But which one works best for you? Apple pulled the app and began investigating. 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. Apple's net worth at the end of the fiscal year 2020 was $65.34 billion. Its market capitalization, however, is $2.08 trillion as of March 15, 2021. But eight months later, the encryption keys were headed to China. Please create an employee account to be able to mark statistics as favorites. By Jack Nicas,Raymond Zhong and Daisuke Wakabayashi. 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. Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment. 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. Of these, 216, or 97.3%, generate less than $2.08 trillion in annual GDP.. In the US and Europe, Apple has reached a saturation point. Two weeks later, the board said Mr. Guo belonged on Apples China blacklist. current data from the United States and around the From the region, it generated around 23% of its revenue in fiscal 2019. 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. Phillip Shoemaker, who ran Apples App Store from 2009 to 2016, said in an interview that Apple lawyers in China gave his team a list of topics that couldnt appear in apps in the country, including Tiananmen Square and independence for Tibet and Taiwan. iPad sales peaked in 2013, with the launch of the iPad Mini enticing 97 million customers. A company's net worth is calculated as its assets minus liabilities. Apple will have to shape its product and pricing strategy so that it can penetrate the budget-oriented Indian smartphone market. The Apple iOS Shortcuts App it does what it says on the tin. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Apple wanted to keep them in the United States; the Chinese officials wanted them in China. High-end smartphonescosting from $300makeup only 6% of the market, or just 6 million units.. 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. 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. Sources: Counterpoint Research, TF International Securities, Strategy Analytics. They were just furious.. 2023 Latest Company & Industry Overviews News and Updates. Chinese officials say their cybersecurity law is intended to protect Chinese residents data from foreign governments. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. All other regions have been steady in terms of sales. Apple envisioned the tablet as a bridge between the smartphone and laptop, with the capabilities to be both. This is approximately 13 times greater than Apple's market cap. One of his first research projects was Apples Chinese supply chain, which involved millions of workers, thousands of plants and hundreds of suppliers. Apple added that it removed apps only to comply with Chinese laws. In fiscal 2019, Apple generated $43.7 billion in revenue from China, or 16.7% of its total revenue. While both the Trump and Biden administrations have taken a tougher line toward China, Apples courtship of the Chinese government shows a disconnect between politicians in Washington and Americas wealthiest company. Even though Apple has diversified its product line with Watch, AirPods and services, iPhone is still responsible for 52% of its revenue. The quarterly periods for Apple's fiscal year include the following: early October to late December of the previous year (first quarter), early January to late March of the stated year (second quarter), early April to late June of the stated year (3rd quarter) and early July to late September of the stated year (4th quarter). This segment alone generated $53 billion revenue in 2020, making it Apples second largest segment. To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017.