The Market Value of Some Stock Exchanges, 4. 2023 Accessed March 04, 2023. https://www.statista.com/statistics/382175/quarterly-revenue-of-apple-by-geograhical-region/, Apple. Western markets have very few first-time buyers, and the device upgrade cycle of Apples user base has stretched. 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. By Jack Nicas,Raymond Zhong and Daisuke Wakabayashi. Other companies faced a similar dilemma in China, but Apple was uniquely exposed because of its high profile and acute dependence on the country. 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. Dollars). When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Register in seconds and access exclusive features. 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. Which Company Is Richer, Microsoft or Apple? The Chinese government was starting to pass laws that gave the country greater leverage over Apple, and Mr. Guthrie said he believed Mr. Xi would soon start seeking concessions. From the region, it generated around 23% of its revenue in fiscal 2019. Currently, you are using a shared account. Opinions expressed by Forbes Contributors are their own. daily and featuring the latest statistics from the media, 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. If the situation goes south from here, the production of Apples major revenue-making product, the iPhone, would be at stake. and displayed without charge by all commercial and In 2019 the average U.S. per person consumption of all forms of apples had increased to about 26.3 pounds. The. 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. Number of apps that disappeared from the iOS App Store in China by month through February 2021. Can I integrate infographics into my blog or website? Wearable, Home and Accessories revenue Apple generated $41.1 billion revenue from this segment in 2022. The consumption of fresh market apples in 2019 accounted for 10 pounds (ERS, 2021). Despite where it's headed, it maintains its position at the top. However, Apple is currently going through tough times in its second home. [Online]. Apple added that it removed apps only to comply with Chinese laws. 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. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Its perhaps the worlds most recognizable consumer tech brand. Before his app even became available on iPhones, the Chinese government was trying to block it. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The majority of subscribers are from the US, which is one of the few countries Apple is close to Spotify. Apple does not break out its other categories, making it difficult to determine how much revenue each product is generating. The UK comes third for Apple Stores with 38. It is unclear what led to the change. The second major geography that Apple dominates is Europe. Chinese state employees physically manage the computers. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The iPhone's Assemblers. With iPhone and iPad sales not likely to see much significant movement, Apple sees services as a way to continue growing. Amazon reported a 2020 net worth of $43.55 billion, trailing behind Apple's $65 billion. (Rendering: Studio8 Architects and WP Visions). The conglomerate increased its funding from $1 billion to $5 billion to support innovation among American manufacturers. Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. 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. It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. Since 2017, roughly 55,000 active apps have disappeared from Apples App Store in China, according to a Times analysis of data compiled by Sensor Tower, an app data firm. Internal Apple documents reviewed by The New York Times, interviews with 17 current and former Apple employees and four security experts, and new filings made in a court case in the United States last week provide rare insight into the compromises Mr. Cook has made to do business 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. 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. In 2020, it surpassed another milestone, becoming the first company to record a market value of $2 trillion. A Times analysis found that tens of thousands of apps have disappeared from Apples Chinese App Store over the past several years, more than previously known, including foreign news outlets, gay dating services and encrypted messaging apps. In the 2021/2022 crop year, China was the leading producer of apples worldwide. Consumer Electronics Apple's revenue share by operating segment 2012-2022, by quarter Payments Apple Pay penetration, both online as well as offline, in 14 countries worldwide 2022 Payments. But which one works best for you? Documents reviewed by The Times do not show that the Chinese government has gained access to the data. 10 Best Apple Patents US6323846B1 is the most popular patent in the Apple portfolio. Apple, he realized, had no Plan B. Next week marks 20 years of the Apple Store. 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. The company has paid more than $23 billion to App Store developers across Europe, making a good market for itself. Apple total number of employees in 2020 was 147,000, a 7.3% increase from 2019. 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. 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. The reality is that, globally, Apple is fighting on multiple fronts to stay at the top. But eight months later, the encryption keys were headed to China. As iPhone revenues have stagnated, Apple has looked for new ways to generate revenue from the iPhone. More than 600 news apps also disappeared. Need infographics, animated videos, presentations, data research or social media charts? Indian sentiment thrives on budget spending. 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.. 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. Here's everything you need to know about Apple Retail including COVID-19 status, new store openings, and the latest news. 208.97.171.40 This app and any Guo Wengui app cannot be on the China store, he wrote, according to the emails filed in the court case. But just as Mr. Cook figured out how to make China work for Apple, China is making Apple work for the Chinese government. ", TradingHours.com. "The World's Real-Time Billionaires List. 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. For a full list of Apple Media Services availability around the world, please visit. Apple Pay transaction volume for in-store purchases has increased rapidly over the past two years, going from $90 billion t0 $650 billion. Mr. Cook often talks about Apples commitment to civil liberties and privacy. Of the top 72 exchanges in the world, only 11 have market caps greater than Apple. During that time period, China's apple production amounted to almost 46 million metric tons. However, it will take a long time until they come remotely close to matching the Apple Store empire. This presence has influenced different geographies in a distinct manner. It operates. As soon as this statistic is updated, you will immediately be notified via e-mail. However, the challenges for Apple in the country are not like those in others. Only then can a strategy be outlined to penetrate the mainstream market. As a Premium user you get access to the detailed source references and background information about this statistic. Apple Services now available in more countries around the world. But China would not approve the use of the Thales devices, according to two employees. "List of Stock Markets. 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. Its success has inspired competitors such as Samsung, Xiaomi and Huawei to pursue a similar strategy and open their own physical retail stores. Thu 3 Jun 2021 00.54 EDT Last modified on Thu 3 Jun 2021 01.53 EDT. 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. 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. With the keys in China, the government has two avenues to the data, security experts said: demand it or take it without asking. It was a difficult environment considering the success cheaper Windows-based platforms were enjoying at that time. Important people put their reputations on the line. 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. Corning is among the companies that have received awards from Apples Advanced Manufacturing Fund, designed to foster innovation and growth in the sector. The past few product launches have been smaller in scope, like the HomePod and AirPod, and Apple fans are clamouring for the next iPhone. Apple has utilized different regions universal selling points in its favor, creating a win-win situation for itself and each region. This chart shows the total number of Apple Stores worldwide as of May 14, 2021. If Apple's market capitalization was equal to a country's annual GDP, it might just be in the G7. The . Download the report to improve your performance. Apple operates 512 retail stores in 22 countries. 6 February 2013 - Apple announces iTunes touched a milestone of around 25 billion songs sold. Even with Apples shift in priorities from PC to mobile, Mac has remained a core part of the companys product portfolio. Total Enterprise Value to Total Revenue (ttm). Im convinced that they will have the ability to break into the servers.. 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. India is among the worlds fastest-growing economies. To equal Apple's market cap, one must combine the net worth of the world's top 24 billionaires.. Apple encrypts customers private data in its iCloud service. A new patent suggests that it could be Fitbit that beats Apple to a cutting-edge health feature. The latest news and updates, direct from Apple. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Apple sits far behind Amazon and Google in units sold, although the launch of the HomePod Mini has made some inroads. In a last ditch effort to save the company, Apple acquired Jobs company NeXT and installed him as advisor and then CEO. A businesss expansion into a new market should always be based on the local culture and sentiment. 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. We also reference original research from other reputable publishers where appropriate. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. 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. Apple brings in $55 billion a year from the region, far more than any other American company makes in China. Apple resisted an order from the Chinese government in 2012 to remove The Timess apps. Apple disputed those figures, saying that some developers remove their own apps from China. 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. Andy Leaver (@AndyLeaver) February 1, 2017 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. 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. October 16, 2014 11:32 AM EDT. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. This compensation may impact how and where listings appear. the tech industry is showing some growth in Europe. I call China Apples second home. The country is a potentially lucrative market, making high-end products at low cost. The margin. 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. 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 Inc. All rights reserved. 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. 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. This business model only really fits and works in China, Mr. Guthrie said in an interview. 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. 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. 6 June 2011 - Online media storage system - iCloud - launched. 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.. Its history is phenomenal, and the lengths to which Apple has gone to upgrade its tech are revolutionary. Apple failed in this segment, too, unlike peers Google and Microsoft. 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. More than 35,000 of those apps were games, which in China must get approval from regulators. Apple said that since 2017, it had taken down 70 news apps in response to Chinese government demands. proper attribution to Statista. 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. If the products were designed in California, they shouted, then what were they doing in China? In, Apple. And in its data centers, Apples compromises have made it nearly impossible for the company to stop the Chinese government from gaining access to the emails, photos, documents, contacts and locations of millions of Chinese residents, according to the security experts and Apple engineers. All values afterwards are estimatesSources: Apple, Canalys, IDC, Strategy Analytics. Censorship, Surveillance and Profits: A Hard Bargain for Apple in China, https://www.nytimes.com/2021/05/17/technology/apple-china-censorship-data.html. [1] The estimated total world production of apples in 2017 was 83,139,326 metric tonnes, down 2.4% from 85,204,410 tonnes in 2016. Market Realist is a registered trademark. The Statista "Chart of the Day", made available Apple recently required its Chinese customers to accept new iCloud terms and conditions that list GCBD as the service provider and Apple as an additional party. Apple told customers the change was to improve iCloud services in China mainland and comply with Chinese regulations., The terms and conditions included a new provision that does not appear in other countries: Apple and GCBD will have access to all data that you store on this service and can share that data between each other under applicable law.. Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment. Apple is known as the global leader in the tech industry, specifically for iPhones. Show publisher information Congressional Research Service. The cybersecurity law went into effect in June 2017. Marketplace | News & Insights | Data | Events, Tim Cook (CEO), Eddy Cue (SVP Services), Craig Federighi (SVP Software Engineering), Jeff Williams (COO), Apple generated $394.3 billion revenue in 2022, 52% came from iPhone sales, Apple Services is the second largest division, responsible for 19% of revenue in 2022, 232 million iPhones, 61 million iPads and 26 million Mac and MacBook units were sold in 2022, Apples home and wearables division grew 7.3% in 2022, It sold 82 million AirPods and 53 million Apple Watches in 2022, Apple Music has 88 million subscribers, Apple TV+ has over 75 million. Wow - Apple's $246B cash hoard is more than the GDP of Finland ($239B), Chile ($234B), Bangladesh ($226B) and 145 other countries. Indian smartphone and laptop users generally avoid paid entertainment services. 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. According to Apples 2018 press release, the company contributed nearly $55 billion to the US economy and estimates it will contribute $350 billion more in the next five years. Even though Apple device sales have stagnated in the past few years, it has added more active iPhone users every year. Throughout the decade, Apple has kept a core set of products: MacBook Air, MacBook Pro, Mac Pro and iMac. 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. With todays new commitment, Apple is setting a target of creating 20,000 additional jobs in states across the country over the next five years. Airships Mobile App Experience Gap Survey Report researched gaps in seven key operational areas. The Greater China segment comprises of China, Hong Kong, and Taiwan. The ideal entry-level account for individual users. As of May 2021, there are 271 Apple Stores around the U.S. while China (including Hong Kong and Macau) has the second highest total with 50. Apple abandoned the encryption technology it used elsewhere after China would not allow it. Does Statista also create infographics in a customized design? Offers may be subject to change without notice. In second place were Asian exporters at 25.3% while another 12.6% of international apple sales originated from North America. In 2022, it generated $394.3 billion in revenue. While there have been iterations and new models, this core has remained popular across a broad spectrum of professional customers. A budget deficit occurs when expenditures exceed revenue and is the term commonly used to refer to government spending and national debt. Apple has switched its focus to services and other long-term revenue sources, as customers keep their phones for longer. While wars cause the destruction of life that cannot be measured, a 2010 Congressional Research Service reportestimated the economic cost of each U.S. war between 1775 and 2010, adjusting the figures to reflect constant dollar prices as of the fiscal year 2011. All eyes are on Apples next products, which may include a virtual reality headset and self-driving car. 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. In May 2018, CNBC reported Morgan Stanley analyst Kate Huberty estimated that if Apple passes the 25% tariff costs on iPhones to customers, the price of the iPhone XS could increase by $160. As a Premium user you get access to background information and details about the release of this statistic. It launched Apple Watch in 2015, as an accessory to the iPhone which tracks various health and fitness metrics. 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. The UK comes third for Apple Stores with 38. Chinese workers assemble nearly every iPhone, iPad and Mac. 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.
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