They only indicate that Apple has made compromises that make it easier for the government to do so. 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. Apple is known as the global leader in the tech industry, specifically for iPhones. However, Apple is currently going through tough times in its second home. Show publisher information In China, Apple has ceded legal ownership of its customers data to Guizhou-Cloud Big Data, or GCBD, a company owned by the government of Guizhou Province, whose capital is Guiyang. And I do feel great about the growth rate.. This is not the case for Apple, which has improved sales almost every year since 2009. Apple added that it removed apps only to comply with Chinese laws. The EU has stood by its fine, stating that Member States cannot give tax benefits to selected companies this is illegal under EU state aid rules.. Use is, however, only permitted with the tech industry is showing some growth in Europe. In 2018, the Americas had an operating profit of $26.2 billion, contributing 42% to Apple's total profit. About half of all iPhone users actively use Apple Pay, according to Loup Ventures. Apple works with suppliers in 43 countries and six continents to make its products, and the chain gets even . Cost of WWI, the Vietnam War, and the Iraq War, 5. Led by Warren Buffet-the world's seventh richest billionaire as of January 2022 - the early years of the company focused on long-term investments in publicly traded companies, but now more. The Americas segment includes North and South America. It also exceeds the total value of stocks on most exchanges worldwide. To date, nearly 60 of Apples US sites are LEED certified. Technically, Foxconn is the company's trade name; the firm's official name is Hon Hai . This produced one of the lowest operating margins among the segments at 33.2%. In the 2021/2022 crop year, China was the leading producer of apples worldwide. All values as of most recently reported quarter unless otherwise noted. In line with the current White House administrations aim to make America great again, Apple is investing in domestic suppliers and manufacturing partners. Sending and receiving money with Apple Pay and the Apple Cash card are available only in the U.S. Apple has rebalanced its revenue weighting from products to products and services. For Apple, China is not only a market with a strong iPhone user base but also the manufacturing hub of iPhones. iPad sales peaked in 2013, with the launch of the iPad Mini enticing 97 million customers. 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. 10 Best Apple Patents US6323846B1 is the most popular patent in the Apple portfolio. Apple saw an impressive 57% increase in iPad sales in 2020. Copyright 2023 Market Realist. It launched Apple Watch in 2015, as an accessory to the iPhone which tracks various health and fitness metrics. under the Creative Commons License CC BY-ND 3.0, may be used These include white papers, government data, original reporting, and interviews with industry experts. 2023 Forbes Media LLC. Despite the pressures of the pandemic, healthcare institutions dominate the America's Best Large Employers 2023 list. To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017. The Europe segment consists of European countries, as w Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. India is among the worlds fastest-growing economies. Apples Siri has been the unfortunate brunt of many jokes about artificial intelligence and smart assistants, however hundreds of millions of iPhone users actively use the application. I call China Apples second home. The country is a potentially lucrative market, making high-end products at low cost. Before his app even became available on iPhones, the Chinese government was trying to block it. 28 May 2014 - Apple announces the purchase of Beats for around US$ 3 Billion. In addition to US developers, European developers also contribute App Store content. 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. The Statista "Chart of the Day", made available He turned the companys fortunes around, launching iTunes and iPod in 2001. In response, he sued the company, accusing it of pushing him out to appease the Chinese government. All Rights Reserved. Click to reveal The conglomerate increased its funding from $1 billion to $5 billion to support innovation among American manufacturers. 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. The Apple iOS Shortcuts App it does what it says on the tin. You may opt-out by. The entrance to Apples new data center, which the company hoped to complete next month. The Apple iPad Pro and Apple iPad Air stand atop Apple's tablet lineup. Investopedia requires writers to use primary sources to support their work. 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. Note: Apple stopped reporting Mac sales in Q4 2018. The . My own view very strongly is: You show up and you participate. The documents, from early 2020, indicated that Apple had planned to base the new devices on an older version of iOS, the software underpinning iPhones, which is among the most targeted systems by hackers. However, it has yet to reach Apple's $2 trillion market cap milestone. Chart. As Mr. Guthrie was delivering his warnings, Apple set about keeping the Chinese government happy. So Mr. Cook agreed to move the personal data of his Chinese customers to the servers of a Chinese state-owned company. Sometimes, Mr. Shoemaker said, he was awakened in the middle of the night with demands from the Chinese government to remove an app. The digital keys that can decrypt iCloud data are usually stored on specialized devices, called hardware security modules, that are made by Thales, a French technology company. 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. Documents reviewed by The Times do not show that the Chinese government has gained access to the data. It was unclear how the officials knew about it. If the products were designed in California, they shouted, then what were they doing in China? While sales dropped in 2021, the launch of higher-end iPads meant more revenue per sale. Apple recently began disclosing how often governments demand that it remove apps. Please create an employee account to be able to mark statistics as favorites. Apple's biggest iPhone 15 upgrade comes with a nasty surprise Apple has increased costs for iPhone, iPad and MacBook owners worldwide Apple TV+ could be making a bid to live stream Pac-12 sports replacing ESPN & Fox. Chinas leader, Xi Jinping, is increasing his demands on Western companies, and Mr. Cook has resisted those demands on a number of occasions. 2. All values afterwards are estimates. Sources: Bloomberg, Statista. to incorporate the statistic into your presentation at any time. 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. 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. A new patent suggests that it could be Fitbit that beats Apple to a cutting-edge health feature. Most of those apps have remained available in other countries. The company said in a statement that it followed the laws in China and did everything it could to keep the data of customers safe. Behind the scenes, Apple has constructed a bureaucracy that has become a powerful tool in Chinas vast censorship operation. 6 February 2013 - Apple announces iTunes touched a milestone of around 25 billion songs sold. Apple said it fired Mr. Pham because of poor performance. The iPhone maker is one of the few tech companies that has avoided significant layoffs. Apple now assembles nearly all of its products and earns a fifth of its revenue in the China region. The App Store, Apple Arcade, Apple Music, Apple Podcasts, and iCloud are now available to more customers around the world. Even though Apple Pay comes pre-installed on all iPhones, users can still choose to not set up the contactless payment solution. 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. Tim Cook, Apples chief executive, has said the data is safe. The US-China trade war has caught Apple in the crossfire. 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. Need infographics, animated videos, presentations, data research or social media charts? 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. The documents and interviews shine a light on a bureaucracy inside Apple designed to censor and block apps, often proactively, to appease the Chinese government. Amazon reported a 2020 net worth of $43.55 billion, trailing behind Apple's $65 billion. Apple said it designed the iCloud security in such a way that only Apple has control of the encryption keys.. It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. Apple Music is the second largest music streaming service in the West, far behind Spotifys 150 million users. ", Forbes. 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. The cybersecurity law went into effect in June 2017. Apple shipped over 228 million iPhones in 2021. Note: Apples financial year ends in September. In second place were Asian exporters at 25.3% while another 12.6% of international apple sales originated from North America. This chart shows the total number of Apple Stores worldwide as of May 14, 2021. The only exception is World War II, with an estimated cost of $4.1 trillion in 2011 dollars., Jeff Bezos is the worlds richest man according to Forbes magazine, which estimated his net worth to be $182.2billion as of March 15, 2021. The combined wealth of the top 10 on the Forbes list, including other well-known names such as Bill Gates and Warren Buffett, is estimated at $1.19 trillion, which is below Apple's market value. Censorship, Surveillance and Profits: A Hard Bargain for Apple in China, https://www.nytimes.com/2021/05/17/technology/apple-china-censorship-data.html. 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 Statista "Chart of the Day" currently focuses The Europe segment consists of European countries, as well as India, the Middle East, and Africa. Of these, 216, or 97.3%, generate less than $2.08 trillion in annual GDP.. Despite where it's headed, it maintains its position at the top. 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. "This business model only . Apple Inc. leads all public companies with a $2.08 trillion market cap. Trillionaire Definition: How Much Money Is That and Who Will Be First? Similar steps were taken in places like Saudi Arabia and Russia, he said. 6 June 2011 - Online media storage system - iCloud - launched. Apple has also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, Oregon. You need a Statista Account for unlimited access. Apple has tried to isolate the Chinese servers from the rest of its iCloud network, according to the documents. In some countries and regions, Business Chat will become available to . China, including Hong and Macau, has the second highest number at 50 while the United Kingdom has the third highest amount at 38. Latest Company & Industry Overviews News and Updates. dollars)." 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. If the situation goes south from here, the production of Apples major revenue-making product, the iPhone, would be at stake. 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. By Jack Nicas,Raymond Zhong and Daisuke Wakabayashi. It traces its origins back to 1997 when Steve Jobs returned to the company as interim CEO. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Accessed March 04, 2023. https://www.statista.com/statistics/382175/quarterly-revenue-of-apple-by-geograhical-region/, Apple. Market Realist is a registered trademark. The documents showed that Apples deadline to start storing data in the new Chinese data centers was June 2021. Apple said it challenged those requests because they were illegal under U.S. law. President Xi Jinping of China, lower left, greeting Apples chief executive, Tim Cook, in 2015. The company has provided battery replacement options for longer device usage. The. 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. Which Company Is Richer, Microsoft or Apple? Astonishing Apple Statistics Apple sold 1.3 billion devices in 2018. As it stands, however, those companies will have a lot of work to do in order to match the global Apple Store empire. Therefore, all Apple had to do was understand the market before it could start churning out profits. He didnt find anything that violated Apples rules. Apple now boasts a global empire of more than 500 physical stores with 271 in the U.S. alone, according to a listing of establishments on the Apple website. In comparison to iPhone, iPad and Mac, Apples services revenue has increased year-on-year. So Apple created new devices to store the keys in China. If you are an admin, please authenticate by logging in again. Access to this and all other statistics on 80,000 topics from, Show sources information Then you can access your favorite statistics via the star in the header. In 2022, it generated $394.3 billion in revenue. 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. Working in the interest of the nations future, Apple is supporting education in coding, technology, science, the arts, and math. 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) About Apple Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. Apple hired Doug Guthrie in 2014 to help the company navigate China. The company has attempted to customize its tech for diverse usage across countries. "How Much is Tim Cook Worth?". 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. Apple has switched its focus to services and other long-term revenue sources, as customers keep their phones for longer. One can imagine what record it will break next. Apple Podcastsis the best place to browse and listen to the worlds largest catalog of podcasts. Its perhaps the worlds most recognizable consumer tech brand. 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. Note: Includes apps that were active at their time of removal (i.e. Last month Apple began streaming MLS games and next month Apple will begin their second season of streaming MLB games. The country has more than one billion potential users plus a cost-effective product manufacturing arena. Part of that effort was new research and development centers in China. However, the challenges for Apple in the country are not like those in others. On Aug. 2, he approved it. As of March 15, 2021, Microsoft's market cap was $1.8 trillion, which is approximately 87% of Apple's.. Chinese iPhones censor the emoji of the Taiwanese flag, and their maps suggest Taiwan is part of China. Apple is also making industry-leading investments in new clean energy projects and green technology in the US and around the world. 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 broke two records by becoming the first company to record both a $1 trillion and $2 trillion market cap. Mr. Guthrie concluded that no other country could offer the scale, skills, infrastructure and government assistance that Apple required. At a market cap of more than $2.1 trillion, Apple's market capitalization is larger than 96% of country GDPs, a list that includes Italy, Brazil, Canada, and Russia.. Six months later, Apple fired Mr. Pham. With todays new commitment, Apple is setting a target of creating 20,000 additional jobs in states across the country over the next five years. How many countries is Apple Music available in? 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.. Chinese officials say their cybersecurity law is intended to protect Chinese residents data from foreign governments. As a subscriber, you have 10 gift articles to give each month. Mr. Cook approved the decision, according to two people with knowledge of the matter who spoke on the condition of anonymity. non-commercial websites. The security experts said that arrangement alone represented a threat that no engineer could solve. All eyes are on Apples next products, which may include a virtual reality headset and self-driving car. In 2018, Apple became the first American company to exceed $1 trillion in market capitalization. Apple envisioned the tablet as a bridge between the smartphone and laptop, with the capabilities to be both. Sources: Above Avalon, Apple, BMO Capital Markets. People waiting in line last year for the opening of a new Apple Store in Beijing. The Chinese government must approve any encryption technology that Apple uses in China, according to two current Apple employees. Note: 2021 is a projection. Steve Jobs, the founder and CEO, was one of technologys first rockstars, able to sell hardware as more than a tool for work. Apple Music offers more than 60 million songsandlocally curated playlists including Africa Now, Afrobeats Hits, and more. Phillip Shoemaker, who ran Apples App Store from 2009 to 2016, said in an interview that Apple lawyers in China gave his team a list of topics that couldnt appear in apps in the country, including Tiananmen Square and independence for Tibet and Taiwan. Other companies faced a similar dilemma in China, but Apple was uniquely exposed because of its high profile and acute dependence on the country. According to the press release, the App . 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. But which one works best for you? 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. Apple is still contending with a $14 billion unpaid tax charge. Apple Pay transaction volume for in-store purchases has increased rapidly over the past two years, going from $90 billion t0 $650 billion. The Apple data center in Guiyang as seen in a satellite image. 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. Note: Apple stopped reporting iPad sales in Q4 2018. Chinese law requires the companies to comply. The majority of subscribers are from the US, which is one of the few countries Apple is close to Spotify. Inside, Apple was preparing to store the personal data of its Chinese customers on computer servers run by a state-owned Chinese firm. All values afterwards are estimatesSources: Apple, Canalys, IDC, Strategy Analytics. 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. Apple plans to store the personal data of its Chinese customers there on computer servers run by a state-owned Chinese firm. Apple's market value exceeds the combined net worth of most of the world's billionaires, entire nations' economies, and the market value of most exchanges. Apple continues to be a clean energy leader through its $4.7 billion Green Bond spend, with recent investments in solar and wind projects in Nevada, Illinois, and Virginia bringing clean energy and high-paying jobs to local communities across the country. You can opt out anytime. 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. 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. 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. All values afterwards are estimates. A company's net worth is calculated as its assets minus liabilities. It has received 4018 citations so far from companies like HTC, Microsoft, Huawei, and Motorola. Indian sentiment thrives on budget spending. 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.. Apple, he realized, had no Plan B. Overview Apple is a company that designs, manufactures, and markets mobile communication and media devices. please include a backlink to the respective infographic URL.