6 February 2013 - Apple announces iTunes touched a milestone of around 25 billion songs sold. At the time, the country was starting to pass laws that gave the government greater leverage over Apple. iCloud needs influential friends in China.. Performance & security by Cloudflare. More than 85 percent of those proceeds go straight to third-party developers. Click to reveal "Federal Debt: Total Public Debt.". statistic alerts) please log in with your personal account. 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. It is still behind Flipboard, with 145 million MAUs, but may surpass it by 2022. But today, Apple is facing stagnation in its own market. We have never compromised the security of our users or their data in China or anywhere we operate, the company said. To equal Apple's market cap, one must combine the net worth of the world's top 24 billionaires.. ", Federal Reserve Bank of St. Louis. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. "Monthly Budget Review: Summary for Fiscal Year 2020. 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. to incorporate the statistic into your presentation at any time. How does technological factors affect Apple? - idswater.com Apple will also establish a $100 million fund to support schools and community initiatives in the greater Raleigh-Durham area and across the state, and will be contributing over $110 million in infrastructure spending to the 80 North Carolina counties with the greatest need funds that will go toward broadband, roads and bridges, and public schools. Tim Cook might have to consider shifting iPhone assembly to other Asian nations, such as Taiwan or Malaysia. Feel free to contact us anytime using our contact form or visit our FAQ page. The accelerated commitment will fund a new North Carolina campus and job-creating investments in innovative fields like silicon engineering and 5G technology. Learn more about how Statista can support your business. The second major geography that Apple dominates is Europe. Apple commits $430 billion in US investments over five years 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. Instead of laying off full-time permanent employees, Apple has begun letting go of contractors. 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. Apples (AAPL) trillion-dollar tech ecosystem is now present around the globe. The Apple data center in Guiyang as seen in a satellite image. Business Solutions including all features. Cue and Mr. Schiller. This website is using a security service to protect itself from online attacks. Show publisher information Important people put their reputations on the line. What were panned by many as pricey accessories have become mainstream, with almost every phone manufacturer offering their own hearable to compete with Apple. Apple recently began disclosing how often governments demand that it remove apps. under the Creative Commons License CC BY-ND 3.0, may be used In some countries and regions, Business Chat will become available to . 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. 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. 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. Apple revenue increased dramatically in the 2020s, from $65 billion at the start of the decade to $274.5 billion by the end. GCBD declined to answer questions about its Apple partnership. In 2020, it surpassed another milestone, becoming the first company to record a market value of $2 trillion. Apple iPad Pro Vs. Apple iPad Air: Which Should You Choose? Discover the current debt ceiling and its economic impact. Apple saw an impressive 57% increase in iPad sales in 2020. All Rights Reserved. E-commerce and tech giant Amazon joined the $1 trillion club in September 2018, one month after Apple. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. Apple works with suppliers and partners across all 50 states, including II-VI, which manufactures for Apple in Texas, New Jersey, Pennsylvania, and Illinois. Apple | AAPL Stock Price, Company Overview & News - Forbes Apple still appears to provide far more data to U.S. law enforcement. The company has developed an entire healthcare ecosystem. Apple Card is available only in the U.S. Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch. If you are an admin, please authenticate by logging in again. There will be immense pressure to get it done. Apple said it designed the iCloud security in such a way that only Apple has control of the encryption keys.. Next week marks 20 years of the Apple Store. 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 sales revenue by country/region 2022 | Statista Apple commits $430 billion in US investments over five years. Yet a Times analysis of Chinese app data suggests those disclosures represent a fraction of the apps that Apple has blocked in China. In addition to US developers, European developers also contribute App Store content. But our priority remains creating the best user experience without violating the rules we are obligated to follow.. The consumption of fresh market apples in 2019 accounted for 10 pounds (ERS, 2021). Key takeaways: Apple is the world's most valuable brand, worth $263.4 billion as of 2021. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. 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. Apple total number of employees in 2021 was 154,000, a 4.76% increase from 2020. The Greater China segment comprises of China, Hong Kong, and Taiwan. As a Premium user you get access to the detailed source references and background information about this statistic. You can only download this statistic as a Premium user. In public appearances, he has said that while he often disagrees with Chinas laws, the world is better off with Apple in China. *Click below to enlarge (charted byStatista), Total number of Apple Stores worldwide as of May 14, 2021, This is a BETA experience. The Market Value of Some Stock Exchanges, 4. If Apple's market capitalization was equal to a country's annual GDP, it might just be in the G7. This app and any Guo Wengui app cannot be on the China store, he wrote, according to the emails filed in the court case. How many countries does Apple operate in? Indias community is also known for its software aptitude. Thu 3 Jun 2021 00.54 EDT Last modified on Thu 3 Jun 2021 01.53 EDT. The company has also helped China spread its view of the world. ", 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. Corning is among the companies that have received awards from Apples Advanced Manufacturing Fund, designed to foster innovation and growth in the sector. 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. So Apple created new devices to store the keys in China. 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. 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. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Apple is known as the global leader in the tech industry, specifically for iPhones. It was a tightrope we had to walk.. 2023 It has also built out its subscription services to include music and video streaming, video games, fitness and cloud storage. With the keys in China, the government has two avenues to the data, security experts said: demand it or take it without asking. proper attribution to Statista. U.S. law has long prohibited American companies from turning over data to Chinese law enforcement. Apple's 5 Most Profitable Business Regions (AAPL) - Investopedia Number of apps that disappeared from the iOS App Store in China by month through February 2021. 9 September 2014 - Company launches wearable watch device - Apple Watch. daily and featuring the latest statistics from the media, At that time, Apple relied on PC and electronics stores for the bulk of its sales where the Macintosh and PowerBook G3 went head-to-head with cheaper computers running Windows. 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. Cupertino, California Apple today announced an . Apple plans to store the personal data of its Chinese customers there on computer servers run by a state-owned Chinese firm. Apple brings in $55 billion a year from the region, far more than any other American company makes in China. For individual content and infographics in your Corporate Design, The Chinese are serial iPhone breakers, said Ross J. Anderson, a University of Cambridge cybersecurity researcher who reviewed the documents. Please create an employee account to be able to mark statistics as favorites. In its stores, Apple. Apple encrypts customers private data in its iCloud service. Apple now assembles nearly all of its products and earns a fifth of its revenue in the China region. Its success has inspired competitors such as. 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. Get full access to all features within our Business Solutions. The accelerated commitment will fund a new North Carolina campus and job-creating investments in innovative fields like silicon engineering and 5G technology. 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. A businesss expansion into a new market should always be based on the local culture and sentiment. Even though Apple device sales have stagnated in the past few years, it has added more active iPhone users every year. 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. Astonishing Apple Statistics Apple sold 1.3 billion devices in 2018. ", Forbes. So Mr. Cook agreed to move the personal data of his Chinese customers to the servers of a Chinese state-owned company. Therefore, all Apple had to do was understand the market before it could start churning out profits. 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. 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. The Chinese employees were angered, according to Mr. Guthrie and another person in the room. In 2022, 900 million iOS users subscribed to one or more apps on the platform, an increase of 20% on the previous year. Episode 88 LIVE: Balloon Mania - Firebrand with Matt Gaetz | YouTube The investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields. 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. Read on as we dissect how these devices compare. It was a difficult environment considering the success cheaper Windows-based platforms were enjoying at that time. Furthermore, Apple has grown to be an organization of national interest. You may opt-out by. 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. Today, the App Store supports more than 2.1 million US jobs across all 50 states. Apple disputed those figures, saying that some developers remove their own apps from China. All Rights Reserved. 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. 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. Gross Domestic Product (GDP): Formula and How to Use It, Billionaire: Definition, Examples, vs. Millionaire, U.S. Debt Ceiling: Definition, History, Pros, Cons, Clashes. In an initial agreement between Apple and Chinese officials, the location of the keys was left intentionally vague, one person said. "Revenue of Apple by Geographical Region from The First Quarter of 2012 to 4th Quarter 2022 (in Billion U.S. All values afterwards are estimates. Apple: Number of Employees 2010-2022 | AAPL | MacroTrends It traces its origins back to 1997 when Steve Jobs returned to the company as interim CEO. They were just furious.. Apple wanted to keep them in the United States; the Chinese officials wanted them in China. Global top apple producing countries 2022 | Statista 2023 Forbes Media LLC. 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. 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.. Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment. The ideal entry-level account for individual users. non-commercial websites. Sources: Above Avalon, Apple, BMO Capital Markets. Apples $430 billion US investments include working with more than 9,000 suppliers and companies large and small in all 50 states. You can opt out anytime. Can we put the necessary pieces in place to prevent that ASAP.. "Apple becomes first U.S. company to reach a $2 trillion market cap. 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. Apple is one of the most influential and recognisable brands in the world, responsible for the rise of the smartphone with the iPhone. 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 . "When Tim Cook initially took over Apple's supply chain, he cut down the number of component suppliers from 100 to 24, forcing companies to compete for Apple's business," writes Sam Oliver at Apple Insider. You can learn more about the standards we follow in producing accurate, unbiased content in our. 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) Valued at over $2 trillion in 2021, it is also the most valuable technology company in the world. He didnt find anything that violated Apples rules. Its success has inspired competitors such as Samsung, Xiaomi and Huawei to pursue a similar strategy and open their own physical retail stores. How many stores does Apple have worldwide? - KnowledgeBurrow.com People waiting in line last year for the opening of a new Apple Store in Beijing. There are just under 150 million active iPhone units in the United States, making Apple by far the most popular smartphone manufacturer and ahead of all Android device manufacturers combined. And the digital keys that unlock information on those computers are stored in the data centers theyre meant to secure. Wearable, Home and Accessories quarterly revenue 2015 to 2023 ($bn) iPhone is Apples most valuable product and has, since 2008, been its main source of revenue. Sources: Apple, Gartner. This business model only really fits and works in China, Mr. Guthrie said in an interview. Western markets have very few first-time buyers, and the device upgrade cycle of Apples user base has stretched. 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. Mr. Shoemaker said he and his team rationalized removing apps by framing them as simply enforcing a countrys laws. 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 China would not approve the use of the Thales devices, according to two employees. 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. Twenty years later, Apple now has 510 stores across 25 countries and territories. Even with Apples shift in priorities from PC to mobile, Mac has remained a core part of the companys product portfolio. 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. Total Enterprise Value to Total Revenue (ttm). Apple hired Doug Guthrie in 2014 to help the company navigate China. Now it has to answer to the Chinese government. The iPhone's Assemblers. It was unclear how the officials knew about it. The App Store, Apple Arcade, Apple Music, Apple Podcasts and iCloud are now available in the following countries and regions: Apple Music is also expanding to the following countries and regions: Apple Arcadeis a groundbreaking game subscription service within the App Store,adding new games every month from some of the worlds most visionary game developers. 6 June 2011 - Online media storage system - iCloud - launched.