This compensation may impact how and where listings appear. 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. In 2020, it surpassed another milestone, becoming the first company to record a market value of $2 trillion. The security experts said that arrangement alone represented a threat that no engineer could solve. proper attribution to Statista. 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). The Rest of Asia Pacific segment includes Australia and Asian countries. It was a tightrope we had to walk.. The statement was deeply offensive to them, said Mr. Guthrie, who left Apple in 2019 to return to his home in Michigan. Apple Inc. All rights reserved. In a last ditch effort to save the company, Apple acquired Jobs company NeXT and installed him as advisor and then CEO. 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. Currently, you are using a shared account. All eyes are on Apples next products, which may include a virtual reality headset and self-driving car. But just as Mr. Cook figured out how to make China work for Apple, China is making Apple work for the Chinese government. 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. Note: 2021 is a projection. 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. More than 35,000 of those apps were games, which in China must get approval from regulators. Apple total number of employees in 2021 was 154,000, a 4.76% increase from 2020. The Chinese employees were angered, according to Mr. Guthrie and another person in the room. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. But today, Apple is facing stagnation in its own market. 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. The reality is that, globally, Apple is fighting on multiple fronts to stay at the top. 6 June 2011 - Online media storage system - iCloud - launched. Apple's market value exceeds the combined net worth of most of the world's billionaires, entire nations' economies, and the market value of most exchanges. Apple is also making industry-leading investments in new clean energy projects and green technology in the US and around the world. 10 Best Apple Patents US6323846B1 is the most popular patent in the Apple portfolio. By 2004, Apple's new retail model raked in $1 billion in sales. But our priority remains creating the best user experience without violating the rules we are obligated to follow.. 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. And competitors such as Samsung and OnePlus are threatening Apple in the premium smartphone category. Access to this and all other statistics on 80,000 topics from, Show sources information In an initial agreement between Apple and Chinese officials, the location of the keys was left intentionally vague, one person said. In the 2021/2022 crop year, China was the leading producer of apples worldwide. 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. Trieu Pham, an app reviewer in Cupertino, was assigned the app. 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. world relating to economic and political issues as well as 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. On Feb. 4, 2018, shortly after the Chinese authorities demanded that Mr. Guos app be rejected, an Apple manager emailed a colleague with a question: Did Mr. Guo belong on Apples China sensitivities list, along with the likes of Falun Gong the Chinese spiritual movement and the Dalai Lama? This segment alone generated $53 billion revenue in 2020, making it Apples second largest segment. With iPhone and iPad sales not likely to see much significant movement, Apple sees services as a way to continue growing. Hotly anticipated after the success of the iPhone, the iPad made an immediate mark, adding $19 billion to Apples revenue in the first year. Apple Inc. All rights reserved. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. 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. Apple pulled the app and began investigating. Construction for Apples $1 billion Austin campus is underway, with employees expected to start moving into the space next year. In early 2018, Guo Wengui, an exiled Chinese billionaire, was spending much of his time in Manhattan trying to broadcast his claims of corruption inside the Communist Party. Apple commits $430 billion in US investments over five years. The . How many countries does Apple operate in? It has considered relocating its production facilities. iPhone continues to be the main revenue generator, but its percentage has decreased in the past five years. Those companies are Foxconn and Pegatron, both of which are based in Taiwan. Were delighted to bring many of Apples most beloved Services to users in more countries than ever before, said Oliver Schusser, Apples vice president of Apple Music and International Content. Register in seconds and access exclusive features. Note: Apple stopped reporting iPad sales in Q4 2018. The discrepancy between Apples disclosures and the Times analysis is in part because Apple is removing apps before Chinas internet censors even complain. Apple iPhone 14: New Leak Claims A Surprise iPhone To Land In Days, Apple Loop: Disappointing iPhone 15 Pro News, Apples Expensive Battery Option, iPhone SE Returns. 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. However, we know Watch, AirPods and Beats are the three key products in this segment. 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. Under the new setup, Chinese authorities ask GCBD not Apple for Apple customers data, Apple said. Apple said it designed the iCloud security in such a way that only Apple has control of the encryption keys.. The stores themselves have been described as being a temple for the Apple brand and they have been credited with dramatically raising its profile. 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. 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. 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. A bigger chunk of the tech-using population relies on free third-party services. How many countries is Apple Music available in? Its perhaps the worlds most recognizable consumer tech brand. 28 May 2014 - Apple announces the purchase of Beats for around US$ 3 Billion. Note: Apple stopped reporting Mac sales in Q4 2018. With Samsung and Huawei offering high-end specifications in budget phones, Apple has lost its appeal to the extensive Indian audience. For instance, between 1977 and 1980, the company had an average annual growth rate of 533%. Since it launched in 2015, Apple Watch has led the smartwatch market with over 50% market share. China, including Hong and Macau, has the second highest number at 50 while the United Kingdom has the third highest amount at 38. Forbes. The Chinese are serial iPhone breakers, said Ross J. Anderson, a University of Cambridge cybersecurity researcher who reviewed the documents. Apples news aggregation service may not responsible for much revenue generation for Apple or news providers but it has added more readers every year since launch. Valued at over $2 trillion in 2021, it is also the most valuable technology company in the world. The company earns a fifth of its revenue in the China region. Cue and Mr. Schiller. 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. Services has seen the highest percentage increase over the past five years. U.S. federal government debt as of Sept. 30, 2020. Mr. Guthrie concluded that no other country could offer the scale, skills, infrastructure and government assistance that Apple required. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple total number of employees in 2022 was 164,000, a 6.49% increase from 2021. 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. Jobs believed this had to involve a transformation in the customer relationship where purchasers were afforded more control over the presentation of the products. As iPhone revenues have stagnated, Apple has looked for new ways to generate revenue from the iPhone. Does Statista also create infographics in a customized design? You can email the site owner to let them know you were blocked. [Online]. Apple used more suppliers . Apple is back on the iPhone SE train and is preparing the next-generation of the budget iOS smartphone for 2024, but it will not be a perfect iPhone. Apple Inc. leads all public companies with a $2.08 trillion market cap. sports and entertainment. ", Forbes. Cost of WWI, the Vietnam War, and the Iraq War, 5. Apple's own filings suggest the next MacBook Air is coming sooner than you may think. 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 said it fired Mr. Pham because of poor performance. Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period. Please do not hesitate to contact me. When publishing one of these graphics, One of his first research projects was Apples Chinese supply chain, which involved millions of workers, thousands of plants and hundreds of suppliers. Cloudflare Ray ID: 7a2c58c3ccac82f6 The App Store, Apple Arcade, Apple Music, Apple Podcasts, and iCloud are now available to more customers around the world. 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. On Aug. 2, he approved it. Apple has been rather inactive in the smart TV market as well, with Roku and Amazon ahead it in units sold. Your IP: In comparison to AirPods, HomePod has seen limited success. Apple envisioned the tablet as a bridge between the smartphone and laptop, with the capabilities to be both. The Chinese government regularly demands data from Chinese companies, often for law-enforcement investigations. That led to a project known inside Apple as Golden Gate.. Apple failed in this segment, too, unlike peers Google and Microsoft. Apple now boasts a global empire of more than 500 physical stores with 271 in the U.S. alone, according to a listing of establishments on the Apple website. Chinese state employees physically manage the computers. The components manufactured by those companies all around the world are ultimately sent to just two companies to assemble into iPods, iPhones, and iPads. India is still uncharted territory for Apple. You can opt out anytime. Investopedia requires writers to use primary sources to support their work. Tim Cook might have to consider shifting iPhone assembly to other Asian nations, such as Taiwan or Malaysia. Copyright 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. When Apple managers questioned Mr. Pham, he told them the app didnt violate any policies. Sales have steadily fallen in China since 2015, although it received a slight bump in 2021. Apple works with suppliers in 43 countries and six continents to make its products, and the chain gets even . "Monthly Budget Review: Summary for Fiscal Year 2020. Based on data from that report, Apples market cap exceeds the inflation-adjusted costs to the U.S. ofWorld War I, theVietnam War, and the Iraq War, among others. Sources: Counterpoint Research, TF International Securities, Strategy Analytics. were updated less than a year before leaving the Chinese iOS store) and have not returned as of March 11, 2021. to incorporate the statistic into your presentation at any time. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. Steve Jobs, the founder and CEO, was one of technologys first rockstars, able to sell hardware as more than a tool for work. Apple iPhone unit sales worldwide 2007-2018, by quarter, Global market share held by smartphone operating systems 2009-2018, by quarter, Virtual reality (VR) - statistics & facts, Research expert covering the global consumer technology industry, Profit from additional features with an Employee Account. The cybersecurity law went into effect in June 2017. What were panned by many as pricey accessories have become mainstream, with almost every phone manufacturer offering their own hearable to compete with Apple. Even though the PC market saw higher sales in 2020, for the past decade it has been in gradual decline. In some countries and regions, Business Chat will become available to . It traces its origins back to 1997 when Steve Jobs returned to the company as interim CEO. The action you just performed triggered the security solution. 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. At a summit for its new Chinese engineers and designers, Apple showed a video that ended with a phrase that Apple had been inscribing on the backs of iPhones for years: Designed by Apple in California.. There will be immense pressure to get it done. The service can back up everything stored on an iPhone or Mac computer, and can reveal the current location of a users Apple devices. In public appearances, he has said that while he often disagrees with Chinas laws, the world is better off with Apple in China. ", 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. Yes, Statista allows the easy integration of many infographics on other websites. Chinas leader, Xi Jinping, is increasing his demands on Western companies, and Mr. Cook has resisted those demands on a number of occasions. Jobs believed this required a transformation in the relationship with the customer who should be afforded more control over the presentation of the products. Apples new data center in the Inner Mongolia region of China. It also blocked tools for organizing pro-democracy protests and skirting internet restrictions, as well as apps about the Dalai Lama. In those three years, Apple's yearly sales grew from a little over $775,000 to $118 million. It has received 4018 citations so far from companies like HTC, Microsoft, Huawei, and Motorola. As soon as this statistic is updated, you will immediately be notified via e-mail. 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Use Ask Statista Research Service. But China would not approve the use of the Thales devices, according to two employees. 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. Last month Apple began streaming MLS games and next month Apple will begin their second season of streaming MLB games. EPS and Revenue estimates are for the next 12 months. 20 years on from the first Apple Stores opening their doors, the concept has come a long way. The country upon which Apple relies for its major hardware production is in a trade conflict with its home country. 2023 An Apple spokesman said that the company still controlled the keys that protect the data of its Chinese customers and that Apple used its most advanced encryption technology in China more advanced than what it used in other countries. As Mr. Guthrie was delivering his warnings, Apple set about keeping the Chinese government happy. Are you interested in testing our business solutions? Chinese law requires the companies to comply. 2023 Forbes Media LLC. As part of its investments and expansion, Apple plans to invest over $1 billion in North Carolina and will begin construction on a new campus and engineering hub in the Research Triangle area. 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. Economies of Entire Countries . 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. 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. More than 600 news apps also disappeared. "This business model only . 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. This chart shows the total number of Apple Stores worldwide as of May 14, 2021. Apple shipped over 228 million iPhones in 2021. iPad sales peaked in 2013, with the launch of the iPad Mini enticing 97 million customers. 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. In these regions, Apple can now only capitalize on its wearables and Apple services. In 2018, Apple broke the record to become the first company to record a $1 trillion market capitalization. A new patent suggests that it could be Fitbit that beats Apple to a cutting-edge health feature. Under the direction of Deirdre O'Brien, Apple Stores are staffed by more than 70,000 team members and 3,000 Creative Pros. Its success has inspired competitors such as Samsung, Xiaomi and Huawei to pursue a similar strategy and open their own physical retail stores. Apple said that it sequestered the Chinese data centers because they are, in effect, owned by the Chinese government, and Apple keeps all third parties disconnected from its internal network. Note: Apples financial year ends in September. Copyright 2023 Market Realist. Tim Cook, Apples chief executive, has said the data is safe. 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 . ", Federal Reserve Bank of St. Louis. It is still behind Flipboard, with 145 million MAUs, but may surpass it by 2022. Click to reveal Indias community is also known for its software aptitude. 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. It also exceeds the total value of stocks on most exchanges worldwide. Other companies faced a similar dilemma in China, but Apple was uniquely exposed because of its high profile and acute dependence on the country. However, Apple's value pales in comparison to the nation's total federal debt of $26.945 trillion.. Use is, however, only permitted with non-commercial websites. For the quarter, Apple reported $81.43 billion in revenue, up 36 percent. Copyright If you look at the behavior of the Chinese government, you dont see any resistance from Apple no history of standing up for the principles that Apple claims to be so attached to.. The company has developed an entire healthcare ecosystem. How many Apple stores are there in 2020? 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. By signing up you agree to our privacy policy. Apple still appears to provide far more data to U.S. law enforcement. Apples (AAPL) trillion-dollar tech ecosystem is now present around the globe. The offers that appear in this table are from partnerships from which Investopedia receives compensation. And the digital keys that unlock information on those computers are stored in the data centers theyre meant to secure. Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment. The iPhone's Assemblers. To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017. ", Congressional Budget Office. 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. Apple invested $6 billion into TV+ in 2019, a huge gamble in a market with Netflix, Amazon and Disney all competing for eyeballs.