Apple now assembles nearly all of its products and earns a fifth of its revenue in the China region. Copyright Apple also continues to support jobs in the innovative iOS app economy, which facilitated $138 billion of commerce in 2019 in the US alone. In those three years, Apple's yearly sales grew from a little over $775,000 to $118 million. Does Statista also create infographics in a customized design? But our priority remains creating the best user experience without violating the rules we are obligated to follow.. Apple Music is the second largest music streaming service in the West, far behind Spotifys 150 million users. In November 2016, China approved a law requiring that all personal information and important data that is collected in China be kept in China. 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.. Mr. Guthrie concluded that no other country could offer the scale, skills, infrastructure and government assistance that Apple required. In the 2021/2022 crop year, China was the leading producer of apples worldwide. Apple is also making industry-leading investments in new clean energy projects and green technology in the US and around the world. 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. Growing from its 2001 launch with a pair of stores in Tysons Corner, Virginia, and Glendale, California, Apple now has more than 500 retail locations all around the world. 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. Apple recently began disclosing how often governments demand that it remove apps. 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. Chinese workers assemble nearly every iPhone, iPad and Mac. In line with the current White House. Chinese officials say their cybersecurity law is intended to protect Chinese residents data from foreign governments. Next week marks 20 years of the Apple Store. Your IP: Key takeaways: Apple is the world's most valuable brand, worth $263.4 billion as of 2021. Even though the PC market saw higher sales in 2020, for the past decade it has been in gradual decline. Apple does not break out its other categories, making it difficult to determine how much revenue each product is generating. 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. Trieu Pham, an app reviewer in Cupertino, was assigned the app. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. More than 85 percent of those proceeds go straight to third-party developers. Cloudflare Ray ID: 7a2c58c3ccac82f6 Apple total number of employees in 2022 was 164,000, a 6.49% increase from 2021. Apple disputed those figures, saying that some developers remove their own apps from China. AirPods have become a significant business for Apple, with over 80 million sales in 2022. "The Real Time Billionaires List. With Samsung and Huawei offering high-end specifications in budget phones, Apple has lost its appeal to the extensive Indian audience. The company has also helped China spread its view of the world. Overview Apple is a company that designs, manufactures, and markets mobile communication and media devices. 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. Dollars). Apple Music offers more than 60 million songsandlocally curated playlists including Africa Now, Afrobeats Hits, and more. Jobs believed this had to involve a transformation in the customer relationship where purchasers were afforded more control over the presentation of the products. 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. 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. To date, nearly 60 of Apples US sites are LEED certified. 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. 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. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The Rest of Asia Pacific segment includes Australia and Asian countries. China, including Hong and Macau, has the second highest number at 50 while the United Kingdom has the third highest amount at 38. Note: Apple stopped reporting iPad sales in Q4 2018. 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. Since major Western countries have higher GDP per capita than most Asia-Pacific regions, premium consumer tech companies such as Apple report substantial sales in these countries. 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 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. For the first time seriously, Los Blancos are the subject of a new, fly-on-the-wall documentary releasing on March 10. 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. on two sectors: "Media and Technology", updated Apple has proven to be highly successful at such expansions. Apple encrypts customers private data in its iCloud service. 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. Even though Apple device sales have stagnated in the past few years, it has added more active iPhone users every year. The cybersecurity law went into effect in June 2017. 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, including adding another 1,000 team members in Seattle. Apple (AAPL) has officially reported its earnings for fiscal Q3 2021, covering the months of April, May, and June. 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. Apple is one of the biggest job creators in the US. Sources: Above Avalon, Apple, BMO Capital Markets. Sometimes, Mr. Shoemaker said, he was awakened in the middle of the night with demands from the Chinese government to remove an app. "Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. The iPhone's Assemblers. ", Federal Reserve Bank of St. Louis. 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. China Tops The Apple Production List . For instance, between 1977 and 1980, the company had an average annual growth rate of 533%. (Rendering: Studio8 Architects and WP Visions). In second place were Asian exporters at 25.3% while another 12.6% of international apple sales originated from North America. In, Apple. However, Apple is currently going through tough times in its second home. A total of 5.3 million Mac computers were sold during Q4 2018. 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. Awards from the fund have led to breakthrough innovations in laser technology, sustainable material development, 5G infrastructure, and other cutting-edge fields. In 2018, Apple broke the record to become the first company to record a $1 trillion market capitalization. This app and any Guo Wengui app cannot be on the China store, he wrote, according to the emails filed in the court case. Trillionaire Definition: How Much Money Is That and Who Will Be First? 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. Even though Apple Pay comes pre-installed on all iPhones, users can still choose to not set up the contactless payment solution. Now it has to answer to the Chinese government. 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. But which one works best for you? Apple has rebalanced its revenue weighting from products to products and services. The service can back up everything stored on an iPhone or Mac computer, and can reveal the current location of a users Apple devices. Andy Leaver (@AndyLeaver) February 1, 2017 In these regions, Apple can now only capitalize on its wearables and Apple services. And I do feel great about the growth rate.. 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. It traces its origins back to 1997 when Steve Jobs returned to the company as interim CEO. 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. Opinions expressed by Forbes Contributors are their own. For individual content and infographics in your Corporate Design, (October 27, 2022). 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. A company's net worth is calculated as its assets minus liabilities. Are you interested in testing our business solutions? Documents reviewed by The Times do not show that the Chinese government has gained access to the data. 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 becomes first U.S. company to reach a $2 trillion market cap. 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. October 16, 2014 11:32 AM EDT. As of March 15, 2021, Microsoft's market cap was $1.8 trillion, which is approximately 87% of Apple's.. Here's everything you need to know about Apple Retail including COVID-19 status, new store openings, and the latest news. Wearable, Home and Accessories revenue Apple generated $41.1 billion revenue from this segment in 2022. Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period. 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.. !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async"); Apple has always been most successful in the United States, its home country. By Jack Linshi. Despite the pressures of the pandemic, healthcare institutions dominate the America's Best Large Employers 2023 list. E-commerce and tech giant Amazon joined the $1 trillion club in September 2018, one month after Apple. We have a deep sense of responsibility to give back to our country and the people who help make our success possible.. Trade tensions between the US and China has to be discussed more with US administration, as Apple is a contributor to the US economy. As soon as this statistic is updated, you will immediately be notified via e-mail. Currently, you are using a shared account. Apple iPad Pro With OLED Display: New Leak Predicts Huge Price Hike, New iPhone 15 Exclusive Confirms Stunning Apple Design Decision, Apple Increases iPad, iPhone, MacBook Replacement Battery Prices, Apple TV+ Is Looking Into Streaming More Live Sports, New iPhone SE Will Never Be Apples Perfect iPhone, New Apple Leak Highlights Stunning MacBook Decision, Real Madrid Takes Center Stage In Apple TV+ Documentary Series, MLS On Apple TV Is Already A Great Product That Is Promoted Poorly, Apple Hardware Will Change The Face of Consumer Healthcare, Forget Apple Watch: Fitbit Could Beat Apple To Game-Changing New Feature, Apple Is Cutting Contractors To Save Costs, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. During that time period, China's apple production amounted to almost 46 million metric tons. 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. Mr. Cook approved the decision, according to two people with knowledge of the matter who spoke on the condition of anonymity. 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. The trade war has imposed heavy tariffs on Chinese imports, meaning Apple could pay tariffs for importing its own products produced in China. 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. Apple Inc. leads all public companies with a $2.08 trillion market cap. The success of the iPhone enabled Apple to launch new product categories, such as the iPad. AirPods were next, which paved the way for wireless headphones to become mainstream. The latest news and updates, direct from Apple. Six months later, Mr. Guo submitted his app again, with changes to elude Apples software. It offers personal computers, portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. When publishing one of these graphics, Offers may be subject to change without notice. This presence has influenced different geographies in a distinct manner. Apple also planned to use low-cost hardware originally designed for the Apple TV. Most of that data for Chinese customers was stored on servers outside China. But five years later, it ultimately did. Apple has added more active devices every year in the US, but are around 50 million units behind Roku. Congressional Research Service. Its perhaps the worlds most recognizable consumer tech brand. All other regions have been steady in terms of sales. Feel free to contact us anytime using our contact form or visit our FAQ page. iPhone continues to be the main revenue generator, but its percentage has decreased in the past five years. Apple used more suppliers . Apps that mapped users runs, edited selfies or taught sexual positions were removed. 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. Apple Podcastsis the best place to browse and listen to the worlds largest catalog of podcasts. A businesss expansion into a new market should always be based on the local culture and sentiment. 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.. A trillionaire is an individual with a net worth of more than one trillion in U.S. dollars or another similarly valued currency. But to stay on the right side of Chinese regulators, his company has put the data of its Chinese customers at risk and has aided government censorship in the Chinese version of its App Store. The next iPad Pro may come with an OLED screen, and the latest report claims itll come with a big price increase. 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. Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. A map of world apple producing regions in 2000 This is a list of countries by apple production in 2016 and 2017, based on data from the Food and Agriculture Organization Corporate Statistical Database. Apple 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. However, it has yet to reach Apple's $2 trillion market cap milestone. Access to this and all other statistics on 80,000 topics from, Show sources information The discrepancy between Apples disclosures and the Times analysis is in part because Apple is removing apps before Chinas internet censors even complain. Data journalist covering technological, societal and media topics, Fox Unlikely To Settle With Dominion Over Election Lies As High-Stakes Trial Nears, Experts Say, Murdaugh Gets Consecutive Life Sentences For Murdering Wife And Son, Everything You Need To Know About Mad Cow Disease After Brazil Confirms Infection, Walgreens Wont Sell Abortion Pills In These StatesEven Though Abortion Is Legal There, iPhone Maker Foxconn Reportedly Expands In India Amid Claims Apple Wants To Bolster Manufacturing There, Thursday, March 2. Apples five software platforms iOS, iPadOS, macOS, watchOS, and tvOS provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. At the same time, we didnt want to get hauled up in front of the Senate to talk about why were quote censoring apps in China, he said. The ideal entry-level account for individual users. 25 countries Over the years, Apple has expanded the number of retail locations and its geographical coverage, with 512 stores across 25 countries worldwide as of June 24, 2021, when the new flagship store at Via del Corso in Rome opened. The Statista "Chart of the Day", made available The Chinese government regularly demands data from Chinese companies, often for law-enforcement investigations. 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. Apples (AAPL) trillion-dollar tech ecosystem is now present around the globe. 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. The company earns a fifth of its revenue in the China region. Dec 20, 2022. ", Yahoo Finance. These services are provided by Green Dot Bank, member FDIC. The consumption of fresh market apples in 2019 accounted for 10 pounds (ERS, 2021). It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. Apple believes that gives it a legal shield from American law, according to a person who helped create the arrangement. Its net worth as of 2020 was an impressive $65 billion. But for most of that information, Apple also has the digital keys to unlock that encryption. Quarterly smartphone market share worldwide by vendor 2009-2022, Market share of mobile operating systems worldwide 2009-2022. In fact, only seven countries in the world have a higher GDP than Apple's market cap. Americas is responsible for 43% of all revenue generation and approximately 40% of that is from the United States alone. world relating to economic and political issues as well as The iPhone maker is one of the few tech companies that has avoided significant layoffs. As a subscriber, you have 10 gift articles to give each month. The rumor is that there could be a new iPhone 14 early next week. The country upon which Apple relies for its major hardware production is in a trade conflict with its home country. Im convinced that they will have the ability to break into the servers.. An extensive complex of apartments and town homes is being built across the street from Apples data center in Guiyang. Statista offers daily infographics about trending topics, covering:Economy & Finance, Politics & Society, Tech & Media, Health & Environment, Consumer, Sports and many more. The exact nature of the apps in the 2018 case was unclear, though court documents said they discussed Chinese Communist Party corruption. Apple abandoned the encryption technology it used elsewhere after China would not allow it. 208.97.171.40 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. In comparison to AirPods, HomePod has seen limited success. Apple failed in this segment, too, unlike peers Google and Microsoft. Apple said it removed Mr. Guos app in China because it had determined it was illegal there. But Apple and the Chinese government have made an unusual arrangement to get around American laws. 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. Over that same period, from 2013 through June 2020, Apple said it turned over the contents of iCloud accounts to U.S. authorities in 10,781 separate cases. Investopedia does not include all offers available in the marketplace. In every other country combined over that period, Apple approved 40 percent of requests, removing 253 apps. Apple continues to break records with its performance, shattering the market cap ceiling in 2018 at $1 trillion and again in 2020, doubling to $2 trillion. They only indicate that Apple has made compromises that make it easier for the government to do so. The Combined Net Worth of the World's 18 Richest People. 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. Note: Includes apps that were active at their time of removal (i.e. Chinese law requires the companies to comply. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Apple has switched its focus to services and other long-term revenue sources, as customers keep their phones for longer. non-commercial websites. Apple plans to store the personal data of its Chinese customers there on computer servers run by a state-owned Chinese firm. Economies of Entire Countries . In the US and Europe, Apple has reached a saturation point. All values as of most recently reported quarter unless otherwise noted. 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.