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Use Forbes logos and quotes in your marketing. The accelerated commitment will fund a new North Carolina campus and job-creating investments in innovative fields like silicon engineering and 5G technology. 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 is one of the biggest job creators in the US. It has also introduced free software, Swift, to teach coding. In the three years before Chinas cybersecurity law went into effect, Apple never provided the contents of a users iCloud account to the Chinese authorities and challenged 42 Chinese government requests for such data, according to statistics released by the company. Apple plans to store the personal data of its Chinese customers there on computer servers run by a state-owned Chinese firm.CreditCNES/AIRBUS. Mr. Cook approved the decision, according to two people with knowledge of the matter who spoke on the condition of anonymity. Apple recently began disclosing how often governments demand that it remove apps. Its market capitalization, or market value, is calculated as the total number of outstanding shares of stock multiplied by its market price. Guo Wengui, an exiled critic of Chinas government, in 2017. The company has paid more than $23 billion to App Store developers across Europe, making a good market for itself. The iPhone maker will have to recognize the Indian populations style of smartphone usage. Apple plans to store the personal data of its Chinese customers there on computer servers run by a state-owned Chinese firm. 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. [n 1] Dollars). Other companies faced a similar dilemma in China, but Apple was uniquely exposed because of its high profile and acute dependence on the country. Mr. Cook has made frequent, statesmanlike visits to China. The. Or do you stand on the sideline and yell at how things should be? he said at a conference in China in 2017. All eyes are on Apples next products, which may include a virtual reality headset and self-driving car. If you are an admin, please authenticate by logging in again. Apple total number of employees in 2022 was 164,000, a 6.49% increase from 2021. The Rest of Asia Pacific segment includes Australia and Asian countries. The accelerated commitment will fund a new North Carolina campus and job-creating investments in innovative fields like silicon engineering and 5G technology. His latest effort was an iPhone app in China that delivered those claims. 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.. The US-banned company launched budget smartphones locally and won 42% of Chinas smartphone market in Q3 2019, according to Canalys data. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Mr. Cook often talks about Apples commitment to civil liberties and privacy. To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017. With Samsung and Huawei offering high-end specifications in budget phones, Apple has lost its appeal to the extensive Indian audience. Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. The App Store, Apple Arcade, Apple Music, Apple Podcasts, and iCloud are now available to more customers around the world. Apple Card is available only in the U.S. Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch. Yet a Times analysis of Chinese app data suggests those disclosures represent a fraction of the apps that Apple has blocked in China. The Statista "Chart of the Day", made available Apple said that since 2017, it had taken down 70 news apps in response to Chinese government demands. to incorporate the statistic into your presentation at any time. Then you can access your favorite statistics via the star in the header. Which topics are covered by the "Chart of the Day"? Chart. Sources: Counterpoint Research, TF International Securities, Strategy Analytics. The Greater China segment comprises of China, Hong Kong, and Taiwan. Cupertino, California Apple today announced an . 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. However, it has yet to reach Apple's $2 trillion market cap milestone. While both the Trump and Biden administrations have taken a tougher line toward China, Apples courtship of the Chinese government shows a disconnect between politicians in Washington and Americas wealthiest company. A new patent suggests that it could be Fitbit that beats Apple to a cutting-edge health feature. Of these, 216, or 97.3%, generate less than $2.08 trillion in annual GDP.. In addition to US developers, European developers also contribute App Store content. Apple said it challenged those requests because they were illegal under U.S. law. Apple invested $6 billion into TV+ in 2019, a huge gamble in a market with Netflix, Amazon and Disney all competing for eyeballs. In the beginning, Apple stores were locations to touch and see the Apple lifestyle experience. During that time period, China's apple production amounted to almost 46 million metric tons. But just as Mr. Cook figured out how to make China work for Apple, China is making Apple work for the Chinese government. Latest Company & Industry Overviews News and Updates. 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. ", Congressional Budget Office. 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. Show publisher information More than 600 news apps also disappeared. In 2018, the Americas had an operating profit of $26.2 billion, contributing 42% to Apple's total profit. Apple (AAPL) has officially reported its earnings for fiscal Q3 2021, covering the months of April, May, and June. An increasingly important part of Apple, as it continues to add more subscriptions and services to its iOS platform. 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. Its perhaps the worlds most recognizable consumer tech brand. This statistic is not included in your account. Apple believes that gives it a legal shield from American law, according to a person who helped create the arrangement. 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. In 2019 the average U.S. per person consumption of all forms of apples had increased to about 26.3 pounds. 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. 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. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. 6 June 2011 - Online media storage system - iCloud - launched. 2. Apples (AAPL) trillion-dollar tech ecosystem is now present around the globe. Cupertino, California Apple announced that starting today, even more customers around the world can enjoy many of Apple's most popular Services. That alarmed the security researchers. Since it launched in 2015, Apple Watch has led the smartwatch market with over 50% market share. world relating to economic and political issues as well as Apple built the worlds most valuable business on top of China. How many countries does Apple operate in? Censorship, Surveillance and Profits: A Hard Bargain for Apple in China, https://www.nytimes.com/2021/05/17/technology/apple-china-censorship-data.html. 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. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. Total Enterprise Value to Total Revenue (ttm). PC sales have been flat or in decline for the past decade, but Apple has added more revenue and sales almost every year since 2009. Apple generated $41.1 billion revenue from this segment in 2022. 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. Even though several analysts predicted the new physical stores would fail, the first two locations took in $599,000 on their opening weekend with the new Apple retail model raking in $1 billion in sales by 2004. 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.. However, we know Watch, AirPods and Beats are the three key products in this segment. Indian smartphone and laptop users generally avoid paid entertainment services. If the products were designed in California, they shouted, then what were they doing in China? Business Solutions including all features. Apple now assembles nearly all of its products and earns a fifth of its revenue in the China region. 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. Apple employs a strong workforce of 22,000 in the European region. Whereas the tech industry is showing some growth in Europe while its traditional industries are sluggish, the EUs stringent policies are limiting the tech industrys growth. In a last ditch effort to save the company, Apple acquired Jobs company NeXT and installed him as advisor and then CEO. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. Use Ask Statista Research Service. In November 2016, China approved a law requiring that all personal information and important data that is collected in China be kept in China. 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. 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. This website is using a security service to protect itself from online attacks. 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. Please create an employee account to be able to mark statistics as favorites. 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 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. Like China, it has more than one billion potential users. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Mr. Cook declined an interview for this article. This figure exceeds the GDP of most countries. ", Federal Reserve Bank of St. Louis. Tim Cook might have to consider shifting iPhone assembly to other Asian nations, such as Taiwan or Malaysia. 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. When Apple managers questioned Mr. Pham, he told them the app didnt violate any policies. This business model only really fits and works in China, Mr. Guthrie said in an interview. Apple brings in $55 billion a year from the region, far more than any other American company makes in China. Construction for Apples $1 billion Austin campus is underway, with employees expected to start moving into the space next year. AirPods were next, which paved the way for wireless headphones to become mainstream. A billionaire is an individual who has assets or a net worth of at least one billion currency units such as dollars, euros, or pounds. Apple will have to shape its product and pricing strategy so that it can penetrate the budget-oriented Indian smartphone market. Apple Inc. continues to be one of the most profitable companies today. after it demanded Apples help breaking into an iPhone belonging to a terrorist involved in the killing of 14 people in San Bernardino, Calif. Now the Chinese government had an even broader request. In 2018, Apple became the first American company to exceed $1 trillion in market capitalization. In its stores, Apple. To use individual functions (e.g., mark statistics as favourites, set The iPhone maker is one of the few tech companies that has avoided significant layoffs. The iPhone's Assemblers. You need at least a Starter Account to use this feature. 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. 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. 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. 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 . As a subscriber, you have 10 gift articles to give each month. All values afterwards are estimatesSources: Apple, Canalys, IDC, Strategy Analytics. Can I integrate infographics into my blog or website? In response, he sued the company, accusing it of pushing him out to appease the Chinese government. Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. 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. By Jack Nicas,Raymond Zhong and Daisuke Wakabayashi. Apples $430 billion in contributions to the US economy include direct spend with American suppliers, data center investments, capital expenditures in the US, and other domestic spend including dozens of Apple TV+ productions across 20 states, creating thousands of jobs and supporting the creative industry. 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. Revenue for iPad has remained in the $20 to $30 billion revenue range since launch, with the launch of the iPad Mini in 2013 still the peak year. Apple Music offers more than 60 million songsandlocally curated playlists including Africa Now, Afrobeats Hits, and more. Offers may be subject to change without notice. Apple is still contending with a $14 billion unpaid tax charge. "How Much is Tim Cook Worth?". ", Yahoo Finance. Its net worth as of 2020 was an impressive $65 billion. non-commercial websites. Airships Mobile App Experience Gap Survey Report researched gaps in seven key operational areas. The Market Value of Some Stock Exchanges, 4. The investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields. The next iPhone didnt include the phrase. While some analysts predicted failure for the new store, they enjoyed a lucrative opening weekend, taking in $599,000. Which Company Is Richer, Microsoft or Apple? 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. The Chinese government must approve any encryption technology that Apple uses in China, according to two current Apple employees. People may receive compensation for some links to products and services on this website. Western markets have very few first-time buyers, and the device upgrade cycle of Apples user base has stretched. 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. One can imagine what record it will break next. Please do not hesitate to contact me. Astonishing Apple Statistics Apple sold 1.3 billion devices in 2018. In fiscal 2019, Apple generated $43.7 billion in revenue from China, or 16.7% of its total revenue. The UK comes third for Apple Stores with 38. 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 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. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. With iPhone and iPad sales not likely to see much significant movement, Apple sees services as a way to continue growing. For a full list of Apple Media Services availability around the world, please visit. Apples new data center in the Inner Mongolia region of China. It is unclear what led to the change. 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's CEO Tim Cook is estimated to have a net worth of $1 billion. 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. Your IP: At the time, the country was starting to pass laws that gave the government greater leverage over Apple. 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. In comparison to AirPods, HomePod has seen limited success. Mr. Guthrie concluded that no other country could offer the scale, skills, infrastructure and government assistance that Apple required. As of March 15, 2021, Microsoft's market cap was $1.8 trillion, which is approximately 87% of Apple's.. Apple failed in this segment, too, unlike peers Google and Microsoft. proper attribution to Statista. He turned the companys fortunes around, launching iTunes and iPod in 2001. New Apple Music subscribers in the 52 additional countries can enjoy a six-month free trial of the service, with locally curated playlists including Africa Now, Afrobeats Hits, Ghana Bounce, and more. Please note that the code must be integrated into the HTML code (not only the text) for WordPress pages and other CMS sites. The entrance to Apples new data center, which the company hoped to complete next month. And the digital keys that unlock information on those computers are stored in the data centers theyre meant to secure. In addition, users have access to world-class music experts, tastemakers, and artist-led programs from globally celebrated creators including Virgil Abloh, Billie Eilish, Elton John, Pharrell, and more. 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. Seeking to improve the retail presentation of Macintosh computers, Jobs and then Senior Vice President for Worldwide Operations Tim Cook laid out plans for a fundamental change in Apple's retail program. Available: https://www.statista.com/statistics/382175/quarterly-revenue-of-apple-by-geograhical-region/, Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022, Available to download in PNG, PDF, XLS format, Most valuable technology brands worldwide in 2021, Worldwide consumer technology spending 2020-2022, IT devices total spending worldwide 2012-2023, Smartphone market revenue worldwide 2013-2026, Global smartphone shipments by quarter 2009-2022, Global revenue of tablet market 2013-2026, Worldwide tablet shipments 2010-2022, by quarter, Revenue of Apple by fiscal quarter 2005-2022, Apple's revenue broken down by geographical region 2012-2022, by quarter, Apple's revenue broken down by operating segments 2012-2023, by quarter, Global net income of Apple 2005-2022, by quarter, Earnings per common share (diluted) for Apple Inc. 2005-2022, by quarter, iPhone revenue as share of Apple's total revenue 2009-2023, by quarter, Global smartphone unit shipments of Apple 2010-2022, by quarter, Global Apple iPhone shares based on web usage 2019-2020, by model, Leading iPhone apps worldwide 2022, by revenue, Apple's global revenue from iPad sales 2010-2022, iPad revenue as share of Apple's total revenue 2010-2023, by quarter, Apple iPad global unit sales by quarter 2012-2022, Tablet Apple iOS version market share worldwide 2018-2023, Apple's revenue from Mac computers worldwide 2006-2022, Global Apple Mac shipments 2006-2022, by quarter, macOS version market share worldwide 2018-2023, Global Apple watch users/installed base 2015-2020, Carbon footprint distribution of Apple Watches 2022, by series, Carbon emissions of Apple Watches 2022, by series, Revenue of Apple from services segment 2013-2022, Services revenue as share of Apple's total revenue 2015-2022, by quarter, Apple App Store: annual gross app revenue 2017-2021, Number of active apps from the Apple App Store 2008-2022, Most popular Apple App Store categories 2022, Apple, Google, and Microsoft: revenue comparison 2008-2022, Global market share held by tablet vendors 2011-2022, Global PC vendor shipment market share 2014-2022, by quarter, Wearables shipments worldwide market share 2014-2022, by vendor, Smartwatch market share worldwide 2014-2021, by vendor, Share of unit sales-of-apple by product category 2012-2018, by quarter, Apple's product unit sales by segment 2012-2018, by quarter, Revenue of Apple's services segment 2011-2020, by product category, Apple product unit shipments worldwide 2015-2016, Apple product sales comparison 2009-2018, by quarter, U.S. consumers' usage frequency of Apple devices 2017, U.S. consumer spending on Apple end devices in the past 12 months 2017, Apple product unit shipments worldwide 2013-2016, Global Apple's gross profit margin forecast 2017-2019, by segment, Global Apple revenue forecast 2017-2019, by segment, Global Apple's gross profit margin forecast 2017-2019, Apples share in the Chinese smartphone market 2015, Apple's share of smartphone shipments in Europe 2019-2021, Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, international sales have a growing share of Apples total revenue. The colleague replied that Mr. Guo probably should be on the list, given that he had been spreading unverifiable defamatory stories about Chinese officials. Profit from the additional features of your individual account.
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