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. You get in the arena, because nothing ever changes from the sideline.. 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. Source: Company data. How many countries is Apple Music available in? Apple Music is available in 167 countries What platforms does Apple Music support? Of these, 216, or 97.3%, generate less than $2.08 trillion in annual GDP.. The majority of subscribers are from the US, which is one of the few countries Apple is close to Spotify. Use This Visualization. The Apple data center in Guiyang as seen in a satellite image. The latest news and updates, direct from Apple. In a last ditch effort to save the company, Apple acquired Jobs company NeXT and installed him as advisor and then CEO. 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. already surveil their citizens in myriad other ways, what Mr. Cook suggested in a 2018 interview. Currently, you are using a shared account. Microsoft has an impressive market cap; however, it is not as large as Apple's. Apple encrypts customers private data in its iCloud service. It was a difficult environment considering the success cheaper Windows-based platforms were enjoying at that time. Here's a more recent look at the company's financial performance. "Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. dollars)." Register in seconds and access exclusive features. 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. China, the USA and Poland are the top three countries in the production of apple . Apple has added more active devices every year in the US, but are around 50 million units behind Roku. These include white papers, government data, original reporting, and interviews with industry experts. Sources: Above Avalon, Apple, BMO Capital Markets. Please do not hesitate to contact me. Cupertino, California Apple announced that starting today, even more customers around the world can enjoy many of Apples most popular Services. Jobs believed this required a transformation in the relationship with the customer who should be afforded more control over the presentation of the products. Apple envisioned the tablet as a bridge between the smartphone and laptop, with the capabilities to be both. Originally known for desktop computers, Apple was one of the first companies to switch to the graphical user interface (GUI) and saw success with the first Macintosh. To equal Apple's market cap, one must combine the net worth of the world's top 24 billionaires.. 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. On Chinese iPhones, Apple forbids apps about the Dalai Lama while hosting those from the Chinese paramilitary group accused of detaining and abusing Uyghurs, an ethnic minority group in China. As it stands, however, those companies will have a lot of work to do in order to match the global Apple Store empire. With iPhone and iPad sales not likely to see much significant movement, Apple sees services as a way to continue growing. This website is using a security service to protect itself from online attacks. "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. He didnt find anything that violated Apples rules. About half of all iPhone users actively use Apple Pay, according to Loup Ventures. [Online]. Mr. Guos media outlets have a history of peddling misinformation. Trillionaire Definition: How Much Money Is That and Who Will Be First? Please create an employee account to be able to mark statistics as favorites. The Apple iPad Pro and Apple iPad Air stand atop Apple's tablet lineup. All values afterwards are estimates. This presence has influenced different geographies in a distinct manner. 2023 Forbes Media LLC. 10 Best Apple Patents US6323846B1 is the most popular patent in the Apple portfolio. And I do feel great about the growth rate.. Gross Domestic Product (GDP): Formula and How to Use It, Billionaire: Definition, Examples, vs. Millionaire, U.S. Debt Ceiling: Definition, History, Pros, Cons, Clashes. The trade war has imposed heavy tariffs on Chinese imports, meaning Apple could pay tariffs for importing its own products produced in China. October 16, 2014 11:32 AM EDT. Three weeks later, Trystan Kosmynka, Apples app review chief, sent an email to several managers at 2:32 a.m. The latest news and updates, direct from Apple. All Rights Reserved. Forbes. In November 2016, China approved a law requiring that all personal information and important data that is collected in China be kept in China. Use Forbes logos and quotes in your marketing. As of March 15, 2021, Microsoft's market cap was $1.8 trillion, which is approximately 87% of Apple's.. industries; and "Economy and Society", which The company has paid more than $23 billion to App Store developers across Europe, making a good market for itself. Apple said it had removed his iPhone app in China because it had determined it was illegal there. Meanwhile, Apple held just 1.2% of the market share in 2018, according to The Economic Times. However, we know Watch, AirPods and Beats are the three key products in this segment. 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. The action you just performed triggered the security solution. Trade tensions between the US and China has to be discussed more with US administration, as Apple is a contributor to the US economy. The stores themselves have been described as being a temple for the Apple brand and they have been credited with dramatically raising its profile. 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. Opinions expressed by Forbes Contributors are their own. In the beginning, Apple stores were locations to touch and see the Apple lifestyle experience. One can imagine what record it will break next. 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. We have never compromised the security of our users or their data in China or anywhere we operate, the company said. This is approximately 13 times greater than Apple's market cap. YouTube, Apple, podcasting, Twitch | 10K views, 450 likes, 143 loves, 543 comments, 176 shares, Facebook Watch Videos from Congressman Matt Gaetz:. The service can back up everything stored on an iPhone or Mac computer, and can reveal the current location of a users Apple devices. "List of Stock Markets. Apple total number of employees in 2020 was 147,000, a 7.3% increase from 2019. 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. Tim Cook, Apples chief executive, has said the data is safe. Even though Apple has diversified its product line with Watch, AirPods and services, iPhone is still responsible for 52% of its revenue. Its success has inspired competitors such as Samsung, Xiaomi and Huawei to pursue a similar strategy and open their own physical retail stores. Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period. That alarmed the security researchers. Apple was the leading smartwatch vendo r, claiming 52.5% of the global smartwatch market share as of 2021. When publishing one of these graphics, As soon as this statistic is updated, you will immediately be notified via e-mail. Nov 10, 2022 The Americas are Apple's largest regional market, bringing in net sales of 39.81 billion U.S. dollars in the fourth quarter of the company's 2022 fiscal year. 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. The remaining 20,000 cut across a wide range of categories. 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. Yes, Statista allows the easy integration of many infographics on other websites. That surprised at least two Apple executives who worked on the initial negotiations and who said the move could jeopardize customers data. 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 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. iPhone is Apples most valuable product and has, since 2008, been its main source of revenue. If the products were designed in California, they shouted, then what were they doing in China? It was bad news for Apple, which had staked its reputation on keeping customers data safe. With the keys in China, the government has two avenues to the data, security experts said: demand it or take it without asking. Apple added that it removed apps only to comply with Chinese laws. Apples iCloud service allows customers to store some of their most sensitive data things like personal contacts, photos and emails in the companys data centers. Click to reveal People close to Apple suggested that the Chinese authorities often dont need Apples data, and thus demand it less often, because they already surveil their citizens in myriad other ways. While sales dropped in 2021, the launch of higher-end iPads meant more revenue per sale. 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. At the time, the country was starting to pass laws that gave the government greater leverage over Apple. People waiting in line last year for the opening of a new Apple Store in Beijing. However, Apple is currently going through tough times in its second home. Apple sits far behind Amazon and Google in units sold, although the launch of the HomePod Mini has made some inroads. The next iPhone didnt include the phrase. Since it launched in 2015, Apple Watch has led the smartwatch market with over 50% market share. Apple is the largest taxpayer in the US and has paid almost $45 billion in domestic corporate income taxes over the past five years alone. Apple brings in $55 billion a year from the region, far more than any other American company makes in China. It has also built out its subscription services to include music and video streaming, video games, fitness and cloud storage. non-commercial websites. Indian sentiment thrives on budget spending. 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. By Jack Nicas,Raymond Zhong and Daisuke Wakabayashi. The App Store, Apple Arcade, Apple Music, Apple Podcasts, and iCloud are now available to more customers around the world. Use is, however, only permitted with If the situation goes south from here, the production of Apples major revenue-making product, the iPhone, would be at stake. The US is Apples home ground. In Q1 2022, Apple's iPhone sales accounted for 57.8% of the company's overall revenue. 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.. Apple also planned to use low-cost hardware originally designed for the Apple TV. I call China Apples second home. The country is a potentially lucrative market, making high-end products at low cost. Like China, it has more than one billion potential users. Corning is among the companies that have received awards from Apples Advanced Manufacturing Fund, designed to foster innovation and growth in the sector. Awards from the fund have led to breakthrough innovations in laser technology, sustainable material development, 5G infrastructure, and other cutting-edge fields. Business Solutions including all features. Even though the PC market saw higher sales in 2020, for the past decade it has been in gradual decline. In August 2018, Apple Inc. (AAPL) became the world's first company to record a market capitalization of $1 trillion and roughly two years later, became the first publicly traded U.S. company to surpass $2 trillion. As of March 15, 2021, Apple's market cap increased to $2.08 trillion. To put that staggering $2 trillion figure in context, we present five other huge things that the giant technology company is bigger than or comparable to in terms of value. Technically, Foxconn is the company's trade name; the firm's official name is Hon Hai . It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. (October 27, 2022). But at the data center in Guiyang, which Apple hoped would be completed by next month, and another in the Inner Mongolia region, Apple has largely ceded control to the Chinese government. Use Ask Statista Research Service. You can email the site owner to let them know you were blocked. Apple hired Doug Guthrie in 2014 to help the company navigate China. 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.. Note: Includes apps that were active at their time of removal (i.e. The US-China trade war has caught Apple in the crossfire. GCBD declined to answer questions about its Apple partnership. The managers responded that the app criticized the Chinese government, Mr. Pham said in court documents, and that this was enough for rejection. 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. It was a tightrope we had to walk.. The Chinese government regularly demands data from Chinese companies, often for law-enforcement investigations. 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 . During that time period, China's apple production amounted to almost 46 million metric tons. Part of that effort was new research and development centers in China. Apple has become a cog in the censorship machine that presents a government-controlled version of the internet, said Nicholas Bequelin, Asia director for Amnesty International, the human rights group. They offer an extensive inside look many aspects of which have never been reported before at how Apple has given in to escalating demands from the Chinese authorities. 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. You can opt out anytime. Apple believes that gives it a legal shield from American law, according to a person who helped create the arrangement. The Statista "Chart of the Day" currently focuses In some countries and regions, Business Chat will become available to . The investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields. Yet thats an aspect of their new agreement MLS and Apple have seemed to almost purposefully ignore. Cupertino, California Apple today announced an . "The World's Real-Time Billionaires List. In comparison to iPhone, iPad and Mac, Apples services revenue has increased year-on-year. !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. Apple said that since 2017, it had taken down 70 news apps in response to Chinese government demands. Some analysts see it as the most important segment of the company, potentially reaching $50 billion in profit by 2025. Apple said it designed the iCloud security in such a way that only Apple has control of the encryption keys.. 20 years on from the first Apple Stores opening their doors, the concept has come a long way. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: When Steve Jobs returned to Apple as interim CEO in 1997, the company relied on PC and electronics stores for the bulk of its Macintosh sales. The country has more than one billion potential users plus a cost-effective product manufacturing arena. His latest effort was an iPhone app in China that delivered those claims. To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017. "Costs of Major U.S. Wars," Pages 4 and 5. Mr. Cook approved the decision, according to two people with knowledge of the matter who spoke on the condition of anonymity. Anyone can read what you share. You may opt-out by. The components manufactured by those companies all around the world are ultimately sent to just two companies to assemble into iPods, iPhones, and iPads. were updated less than a year before leaving the Chinese iOS store) and have not returned as of March 11, 2021. The reality is that, globally, Apple is fighting on multiple fronts to stay at the top. 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. The documents also show that Apple is using different encryption technology in China than elsewhere in the world, contradicting what Mr. Cook suggested in a 2018 interview. It has considered relocating its production facilities. 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. The documents show that GCBD employees would have physical control over the servers, while Apple employees would largely monitor the operation from outside the country. 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. So Apple created new devices to store the keys in China. Cue and Mr. Schiller. All eyes are on Apples next products, which may include a virtual reality headset and self-driving car. Its market capitalization, or market value, is calculated as the total number of outstanding shares of stock multiplied by its market price. But for most of that information, Apple also has the digital keys to unlock that encryption. Latest Company & Industry Overviews News and Updates. The iPhone's Assemblers. Jobs believed this had to involve a transformation in the customer relationship where purchasers were afforded more control over the presentation of the products. A paid subscription is required for full access. Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. dollars) [Graph]. (Rendering: Studio8 Architects and WP Visions). Yet a Times analysis of Chinese app data suggests those disclosures represent a fraction of the apps that Apple has blocked in China. Here's everything you need to know about Apple Retail including COVID-19 status, new store openings, and the latest news. China, including Hong and Macau, has the second highest number at 50 while the United Kingdom has the third highest amount at 38. Apple employees added his name to the companys internal Chinese App Store Removal wiki page, according to the documents, as well as a software program that would automatically tag any apps that mentioned him. According to data reported by IDC and Counterpoint Research, Samsung, Xiaomi, Oppo, and Vivo held ~70% of the Indian smartphone shipment market in 2018. 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. Copyright Investopedia requires writers to use primary sources to support their work. Even with Apples shift in priorities from PC to mobile, Mac has remained a core part of the companys product portfolio. 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. International COVID-19 Stimulus and Relief, Biden to Seek New Taxes on Billionaires, Share Buybacks in Annual Address, National Debt: Definition, Impact, Key Drivers, Current U.S. Debt. 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. The company has developed an entire healthcare ecosystem. Steve Jobs, the founder and CEO, was one of technologys first rockstars, able to sell hardware as more than a tool for work. As a subscriber, you have 10 gift articles to give each month. There was little sign of its purpose, apart from the flags of Apple and China flying out front, side by side. The iPhone maker will have to recognize the Indian populations style of smartphone usage. Most of those apps have remained available in other countries. President Xi Jinping of China, lower left, greeting Apples chief executive, Tim Cook, in 2015. The new approach saw Apple launch its online shop in 1997 while the first two physical retail stores opened on May 19, 2001 in Tysons, Virginia and Glendale, California. Raymond Zhong reported from Guiyang. 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. iCloud needs influential friends in China.. 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. 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. An extensive complex of apartments and town homes is being built across the street from Apples data center in Guiyang. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. Overview Apple is a company that designs, manufactures, and markets mobile communication and media devices. This segment alone generated $53 billion revenue in 2020, making it Apples second largest segment. You need a Statista Account for unlimited access. In this scenario, China is a viable alternative. Apple Card is available only in the U.S. Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. "Revenue of Apple by Geographical Region from The First Quarter of 2012 to 4th Quarter 2022 (in Billion U.S. 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 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. In 2022, 900 million iOS users subscribed to one or more apps on the platform, an increase of 20% on the previous year. This chart shows the total number of Apple Stores worldwide as of May 14, 2021. "The Real Time Billionaires List. 6 February 2013 - Apple announces iTunes touched a milestone of around 25 billion songs sold. A total of 5.3 million Mac computers were sold during Q4 2018. ", Federal Reserve Bank of St. Louis. Are you interested in testing our business solutions? These decisions are not always easy, and we may not agree with the laws that shape them, the company said. Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment. This statistic is not included in your account. 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. However, Apple's value pales in comparison to the nation's total federal debt of $26.945 trillion.. Our standard is 660 pixels, but you can customize how the statistic is displayed to suit your site by setting the width and the display size. The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. In 2019 the average U.S. per person consumption of all forms of apples had increased to about 26.3 pounds. In an initial agreement between Apple and Chinese officials, the location of the keys was left intentionally vague, one person said. So Mr. Cook agreed to move the personal data of his Chinese customers to the servers of a Chinese state-owned company. Apple has improved the accuracy of its smart assistant year-on-year, according to Loup Ventures, which run yearly tests on all of the major mobile smart assistants. 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. Apple is one of the biggest job creators in the US. 208.97.171.40 E-commerce and tech giant Amazon joined the $1 trillion club in September 2018, one month after Apple. Chart. iPad sales peaked in 2013, with the launch of the iPad Mini enticing 97 million customers. Apples situation in China is looking dicey. There will be immense pressure to get it done. The success of the iPhone enabled Apple to launch new product categories, such as the iPad. High-end smartphonescosting from $300makeup only 6% of the market, or just 6 million units.. We also reference original research from other reputable publishers where appropriate. 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. More than 600 news apps also disappeared. The discrepancy between Apples disclosures and the Times analysis is in part because Apple is removing apps before Chinas internet censors even complain. The UK comes third for Apple Stores with 38. The Rest of Asia Pacific segment includes Australia and Asian countries. As iPhone revenues have stagnated, Apple has looked for new ways to generate revenue from the iPhone. 2. 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.