The Apple data center in Guiyang as seen in a satellite image. The. However, Apple is currently going through tough times in its second home. Need infographics, animated videos, presentations, data research or social media charts? Apple. In fact, only seven countries in the world have a higher GDP than Apple's market cap. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The App Store, Apple Arcade, Apple Music, Apple Podcasts, and iCloud are now available to more customers around the world. There was little sign of its purpose, apart from the flags of Apple and China flying out front, side by side. A trillionaire is an individual with a net worth of more than one trillion in U.S. dollars or another similarly valued currency. 20 Years On: The Global Apple Store Empire [Infographic] - Forbes In every other country combined over that period, Apple approved 40 percent of requests, removing 253 apps. It surpassed 50 million annual sales in 2022. ", TradingHours.com. Sources: Above Avalon, Apple, BMO Capital Markets. The Rest of Asia Pacific segment includes Australia and Asian countries. After Chinese employees complained, it even dropped the Designed by Apple in California slogan from the backs of iPhones. Wearable, Home and Accessories quarterly revenue 2015 to 2023 ($bn) 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.. Tim Cook might have to consider shifting iPhone assembly to other Asian nations, such as Taiwan or Malaysia. Since it launched in 2015, Apple Watch has led the smartwatch market with over 50% market share. 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. It said that Mr. Pham, the app reviewer, should have sent the app to Apples Chinese language specialists, who had been trained on which topics to block in the Chinese App Store, including Mr. Guo. statistic alerts) please log in with your personal account. "Apple becomes first U.S. company to reach a $2 trillion market cap. Market Realist is a registered trademark. 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 rethink resulted in Apple launching its online store in 1997 while the first two physical retail stores opened in Tysons, Virginia and Glendale, California on May 19, 2001. Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. The company's revenue jumped from $8 billion in 2014 to over $265 billion in 2018. How many countries does Apple operate in? Apple is also making industry-leading investments in new clean energy projects and green technology in the US and around the world. In line with the current White House administrations aim to make America great again, Apple is investing in domestic suppliers and manufacturing partners. Apple Music is available in 167 countries What platforms does Apple Music support? At the time, the country was starting to pass laws that gave the government greater leverage over Apple. Apple pulled the app and began investigating. According to the companys 2019 SEC filing, the country alone accounts for 45% of Apples revenue. Apple has added more active devices every year in the US, but are around 50 million units behind Roku. For individual content and infographics in your Corporate Design, Apple still appears to provide far more data to U.S. law enforcement. Apple built the worlds most valuable business on top of China. The country has more than one billion potential users plus a cost-effective product manufacturing arena. Meanwhile, Apple held just 1.2% of the market share in 2018, according to The Economic Times. A budget deficit occurs when expenditures exceed revenue and is the term commonly used to refer to government spending and national debt. please include a backlink to the respective infographic URL. Trade tensions between the US and China has to be discussed more with US administration, as Apple is a contributor to the US economy. October 27, 2022. Please note that the code must be integrated into the HTML code (not only the text) for WordPress pages and other CMS sites. It was bad news for Apple, which had staked its reputation on keeping customers data safe. AirPods were next, which paved the way for wireless headphones to become mainstream. 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. Apple now assembles nearly all of its products and earns a fifth of its revenue in the China region. Americas is responsible for 43% of all revenue generation and approximately 40% of that is from the United States alone. In these regions, Apple can now only capitalize on its wearables and Apple services. It saw a massive increase in sales in 2021, and modest growth in 2022. iPhone sales in 2021 surpassed the 2015 peak, but declined in 2022 to 232.2 million units. He turned the companys fortunes around, launching iTunes and iPod in 2001. More than 35,000 of those apps were games, which in China must get approval from regulators. It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. Related by Industry: Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment, Located in San Jose-Sunnyvale-Santa Clara, CA Metropolitan Area. Inside an Apple iPhone: Where parts and materials come from - CNBC But which one works best for you? The Statista "Chart of the Day" currently focuses 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. 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. 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. 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. A company's net worth is calculated as its assets minus liabilities. Apple Inc. All rights reserved. Trillionaire Definition: How Much Money Is That and Who Will Be First? The country upon which Apple relies for its major hardware production is in a trade conflict with its home country. Apple Store on MacRumors 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. More than 600 news apps also disappeared. The per person consumption of apple juice and cider decreased to 12.6 pounds. 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. He earns approximately $15 million per year in salary and bonuses.. The Chinese government regularly demands data from Chinese companies, often for law-enforcement investigations. Note: Apples financial year ends in September. 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. The development gave Chinese smartphone maker Huawei the chance to make its move. In public appearances, he has said that while he often disagrees with Chinas laws, the world is better off with Apple in China. In an initial agreement between Apple and Chinese officials, the location of the keys was left intentionally vague, one person said. People waiting in line last year for the opening of a new Apple Store in Beijing. Access to this and all other statistics on 80,000 topics from, Show sources information Indian sentiment thrives on budget spending. Although Amazon posts great marks, it is not bigger than Apple. Most of that data for Chinese customers was stored on servers outside China. 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. You may opt-out by. My own view very strongly is: You show up and you participate. Apple said it fired Mr. Pham because of poor performance. proper attribution to Statista. Apple was the leading smartwatch vendo r, claiming 52.5% of the global smartwatch market share as of 2021. This chart shows the total number of Apple Stores worldwide as of May 14, 2021. Services has seen the highest percentage increase over the past five years. 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. 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. It proactively censors its Chinese App Store, relying on software and employees to flag and block apps that Apple managers worry could run afoul of Chinese officials, according to interviews and court documents. In those three years, Apple's yearly sales grew from a little over $775,000 to $118 million. Profit from the additional features of your individual account. The ideal entry-level account for individual users. ", 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. 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. Before his app even became available on iPhones, the Chinese government was trying to block it. 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. So Apple created new devices to store the keys in China. Most of those apps have remained available in other countries. In 2019 the average U.S. per person consumption of all forms of apples had increased to about 26.3 pounds. 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. ", Forbes. This is not the case for Apple, which has improved sales almost every year since 2009. Berkshire Hathaway - statistics & facts | Statista 2023 This compensation may impact how and where listings appear. [n 1] Apple commits $430 billion in US investments over five years You get in the arena, because nothing ever changes from the sideline.. This app and any Guo Wengui app cannot be on the China store, he wrote, according to the emails filed in the court case. For the first time seriously, Los Blancos are the subject of a new, fly-on-the-wall documentary releasing on March 10. 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. 47+ Incredible Apple Statistics in 2022 - Leftronic Apple has rebalanced its revenue weighting from products to products and services. And the digital keys that unlock information on those computers are stored in the data centers theyre meant to secure. In the companys 2018 press release, CEO Tim Cook said, Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy. He added, We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. The 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. Mr. Guthrie concluded that no other country could offer the scale, skills, infrastructure and government assistance that Apple required. on two sectors: "Media and Technology", updated Its history is phenomenal, and the lengths to which Apple has gone to upgrade its tech are revolutionary. Apples Exports by Country 2021 Plus Average Prices - World's Top Exports Microsoft has an impressive market cap; however, it is not as large as Apple's. Sending and receiving money with Apple Pay and the Apple Cash card are available only in the U.S. Offers may be subject to change without notice. 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. A tariff war is an economic battle between countries where they levy additional taxes on each other's exports. Keith Bradsher contributed reporting from Guiyang. On one trip in 2019, he toured the Forbidden City, met with a start-up and posted about the trip on the Chinese social platform Weibo. That surprised at least two Apple executives who worked on the initial negotiations and who said the move could jeopardize customers data. A resulting report said the app was published because the China hide process was not followed, according to court documents. Apple is still contending with a $14 billion unpaid tax charge. Note: Includes apps that were active at their time of removal (i.e. Documents reviewed by The Times do not show that the Chinese government has gained access to the data. Key takeaways: Apple is the world's most valuable brand, worth $263.4 billion as of 2021. While Apple regularly responded to court orders for access to customer data, Mr. Cook had rebuffed the F.B.I. Raymond Zhong reported from Guiyang. Accessed March 04, 2023. https://www.statista.com/statistics/382175/quarterly-revenue-of-apple-by-geograhical-region/, Apple. Tim Cook, Apples chief executive, has said the data is safe. China, the USA and Poland are the top three countries in the production of apple . 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. Today, the App Store supports more than 2.1 million US jobs across all 50 states. But at the data center in Guiyang, which Apple hoped would be completed by next month, and another in the Inner Mongolia region, Apple has largely ceded control to the Chinese government. and displayed without charge by all commercial and internet, telecommunications and consumer electronics The US-China trade war has caught Apple in the crossfire. For instance, between 1977 and 1980, the company had an average annual growth rate of 533%. Apple works with suppliers and partners across all 50 states, including II-VI, which manufactures for Apple in Texas, New Jersey, Pennsylvania, and Illinois. CNBC. Cupertino, California Apple announced that starting today, even more customers around the world can enjoy many of Apple's most popular Services. "The Real Time Billionaires List. But just as Mr. Cook figured out how to make China work for Apple, China is making Apple work for the Chinese government. As it stands, however, those companies will have a lot of work to do in order to match the global Apple Store empire. In 2018, Apple became the first American company to exceed $1 trillion in market capitalization. Economies of Entire Countries . The second major geography that Apple dominates is Europe. Im convinced that they will have the ability to break into the servers.. 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. The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. Apple Music Revenue and Usage Statistics (2023) - Business of Apps But today, Apple is facing stagnation in its own market. His latest effort was an iPhone app in China that delivered those claims. 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. 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. 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. Only then can a strategy be outlined to penetrate the mainstream market. "Federal Debt: Total Public Debt.". The security experts said that arrangement alone represented a threat that no engineer could solve. This segment alone generated $53 billion revenue in 2020, making it Apples second largest segment. By Jack Linshi. In fiscal 2019, Apple generated $43.7 billion in revenue from China, or 16.7% of its total revenue. You only have access to basic statistics. 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. Apple (AAPL) has officially reported its earnings for fiscal Q3 2021, covering the months of April, May, and June. People may receive compensation for some links to products and services on this website. The . Some analysts see it as the most important segment of the company, potentially reaching $50 billion in profit by 2025. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Please do not hesitate to contact me. 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. 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. In the beginning, Apple stores were locations to touch and see the Apple lifestyle experience. Note: Apple stopped reporting iPhone sales in Q4 2018. The Apple data center in Guiyang as seen in a satellite image. 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. industries; and "Economy and Society", which Amazon reported a 2020 net worth of $43.55 billion, trailing behind Apple's $65 billion. 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.. AirPods have become a significant business for Apple, with over 80 million sales in 2022. However, it has yet to reach Apple's $2 trillion market cap milestone. Instead of laying off full-time permanent employees, Apple has begun letting go of contractors. Top Apple Producing Countries In The World - WorldAtlas It launched Apple Watch in 2015, as an accessory to the iPhone which tracks various health and fitness metrics. This business model only really fits and works in China, Mr. Guthrie said in an interview. But for most of that information, Apple also has the digital keys to unlock that encryption. Source: Company data. Apple sits far behind Amazon and Google in units sold, although the launch of the HomePod Mini has made some inroads. The trade war has imposed heavy tariffs on Chinese imports, meaning Apple could pay tariffs for importing its own products produced in China. As Mr. Guthrie was delivering his warnings, Apple set about keeping the Chinese government happy. sports and entertainment. Even though the PC market saw higher sales in 2020, for the past decade it has been in gradual decline. When up and running, Apples investments are expected to generate over $1.5 billion in economic benefits annually for North Carolina. In Cupertino, Calif., Apple engineers have been racing to finish designs for the new Chinese iCloud. 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. In addition to US developers, European developers also contribute App Store content. Apples | Agricultural Marketing Resource Center It has received 4018 citations so far from companies like HTC, Microsoft, Huawei, and Motorola. Its success has inspired competitors such as. With iPhone and iPad sales not likely to see much significant movement, Apple sees services as a way to continue growing. The US is Apples home ground. Wow - Apple's $246B cash hoard is more than the GDP of Finland ($239B), Chile ($234B), Bangladesh ($226B) and 145 other countries. Get full access to all features within our Business Solutions. But eight months later, the encryption keys were headed to China. The Chinese are serial iPhone breakers, said Ross J. Anderson, a University of Cambridge cybersecurity researcher who reviewed the documents. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. 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. October 16, 2014 11:32 AM EDT. In the US and Europe, Apple has reached a saturation point. Your IP: Then Vice President for Worldwide Operations, Tim Cook, joined Apple in 1998 and the two men laid out plans to transform the company's retail program. Currently, you are using a shared account. 2023 Forbes Media LLC. Next week marks 20 years of the Apple Store. EPS and Revenue estimates are for the next 12 months. Apple operates 512 retail stores in 22 countries. The latest news and updates, direct from Apple. 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. A bigger chunk of the tech-using population relies on free third-party services. 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 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. 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 . The accelerated commitment will fund a new North Carolina campus and job-creating investments in innovative fields like silicon engineering and 5G technology. Chinese law requires the companies to comply. Mr. Cook often talks about Apples commitment to civil liberties and privacy. Apple uses more suppliers from China than Taiwan for first time, data 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. Apple resisted an order from the Chinese government in 2012 to remove The Timess apps. The action you just performed triggered the security solution. The Combined Net Worth of the World's 18 Richest People. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. You need a Statista Account for unlimited access. Of these, 216, or 97.3%, generate less than $2.08 trillion in annual GDP.. Cupertino, California Apple announced that starting today, even more customers around the world can enjoy many of Apples most popular Services. From the region, it generated around 23% of its revenue in fiscal 2019. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. ", Yahoo Finance. to incorporate the statistic into your presentation at any time. The current Apple Store layout certainly looks different to the format in 2001 with elements such as the tree-lined "Genius Grove" added for customer support and "The Forum" introduced for gaming and creative events. We have a deep sense of responsibility to give back to our country and the people who help make our success possible.. Apple said it had removed his iPhone app in China because it had determined it was illegal there. 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. Apple abandoned the encryption technology it used elsewhere after China would not allow it. Like China, it has more than one billion potential users. In response, he sued the company, accusing it of pushing him out to appease the Chinese government. YouTube, Apple, podcasting, Twitch | 10K views, 450 likes, 143 loves, 543 comments, 176 shares, Facebook Watch Videos from Congressman Matt Gaetz:. Apple Music offers more than 60 million songsandlocally curated playlists including Africa Now, Afrobeats Hits, and more. The company has paid more than $23 billion to App Store developers across Europe, making a good market for itself. U.S. law has long prohibited American companies from turning over data to Chinese law enforcement. 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. Chinese workers assemble nearly every iPhone, iPad and Mac. Apple works with suppliers in 43 countries and six continents to make its products, and the chain gets even . Cupertino, California Apple today announced an . While still behind Google Assistant and Amazon Alexa, Siri is catching up. Airships Mobile App Experience Gap Survey Report researched gaps in seven key operational areas.