However, Apple is currently going through tough times in its second home. Even though Apple device sales have stagnated in the past few years, it has added more active iPhone users every year. In Q1 2022, Apple's iPhone sales accounted for 57.8% of the company's overall revenue. The company has paid more than $23 billion to App Store developers across Europe, making a good market for itself. Apple abandoned the encryption technology it used elsewhere after China would not allow it. On one trip in 2019, he toured the Forbidden City, met with a start-up and posted about the trip on the Chinese social platform Weibo. According to Apples 2018 press release, the company contributed nearly $55 billion to the US economy and estimates it will contribute $350 billion more in the next five years. Apple. 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. In the US and Europe, Apple has reached a saturation point. The next iPad Pro may come with an OLED screen, and the latest report claims itll come with a big price increase. If Apple's market capitalization was equal to a country's annual GDP, it might just be in the G7. In 2022, 900 million iOS users subscribed to one or more apps on the platform, an increase of 20% on the previous year. 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. A total of 5.3 million Mac computers were sold during Q4 2018. Apple Music offers more than 60 million songsandlocally curated playlists including Africa Now, Afrobeats Hits, and more. As a subscriber, you have 10 gift articles to give each month. The ideal entry-level account for individual users. The consumption of fresh market apples in 2019 accounted for 10 pounds (ERS, 2021). Above Avalon: The Future of Apple Retail Use Ask Statista Research Service. All values afterwards are estimates. 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. Apples new data center in the Inner Mongolia region of China. 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. Today, the App Store supports more than 2.1 million US jobs across all 50 states. In an initial agreement between Apple and Chinese officials, the location of the keys was left intentionally vague, one person said. Like China, it has more than one billion potential users. Economies of Entire Countries . Note: Apple stopped reporting Mac sales in Q4 2018. The company has attempted to customize its tech for diverse usage across countries. 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. All eyes are on Apples next products, which may include a virtual reality headset and self-driving car. Profit from the additional features of your individual account. Forbes. According to the press release, the App . 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. Trade tensions between the US and China has to be discussed more with US administration, as Apple is a contributor to the US economy. Apple has tried to isolate the Chinese servers from the rest of its iCloud network, according to the documents. Apple (AAPL) has officially reported its earnings for fiscal Q3 2021, covering the months of April, May, and June. If the app appeared to mention the banned topics, he would remove it, but he would send more complicated cases to senior executives, including Mr. Therefore, all Apple had to do was understand the market before it could start churning out profits. Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period. Chinese law requires the companies to comply. 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. 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.. "Revenue of Apple by Geographical Region from The First Quarter of 2012 to 4th Quarter 2022 (in Billion U.S. It was a tightrope we had to walk.. Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. "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. To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017. If the situation goes south from here, the production of Apples major revenue-making product, the iPhone, would be at stake. internet, telecommunications and consumer electronics Its perhaps the worlds most recognizable consumer tech brand. Chinese workers assemble nearly every iPhone, iPad and Mac. Inside, Apple was preparing to store the personal data of its Chinese customers on computer servers run by a state-owned Chinese firm. Apples are the most consumed fruit in the U.S., followed closely by oranges. 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. 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. At $2.08 Trillion, Apple Is Bigger Than These Things - Investopedia 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. world relating to economic and political issues as well as 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. 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. It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. sports and entertainment. 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. 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. Its success has inspired competitors such as Samsung, Xiaomi and Huawei to pursue a similar strategy and open their own physical retail stores. The Rest of Asia Pacific segment includes Australia and Asian countries. proper attribution to Statista. How does technological factors affect Apple? - idswater.com Of the top 72 exchanges in the world, only 11 have market caps greater than Apple. By Jack Nicas,Raymond Zhong and Daisuke Wakabayashi. Accessed March 04, 2023. https://www.statista.com/statistics/382175/quarterly-revenue-of-apple-by-geograhical-region/, Apple. This is not the case for Apple, which has improved sales almost every year since 2009. Americas is responsible for 43% of all revenue generation and approximately 40% of that is from the United States alone. 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. Chinese intelligence has physical control over your hardware thats basically a threat level you cant let it get to, said Matthew D. Green, a cryptography professor at Johns Hopkins University. From the region, it generated around 23% of its revenue in fiscal 2019. Apple commits $430 billion in US investments over five years. The stores themselves have been described as being a temple for the Apple brand and they have been credited with dramatically raising its profile. Apple Statistics (2023) - Business of Apps This produced one of the lowest operating margins among the segments at 33.2%. It was a difficult environment considering the success cheaper Windows-based platforms were enjoying at that time. Andy Leaver (@AndyLeaver) February 1, 2017 The Market Value of Some Stock Exchanges, 4. You can learn more about the standards we follow in producing accurate, unbiased content in our. In the two years ending June 2020, the most recent data available, Apple said it approved 91 percent of the Chinese governments app-takedown requests, removing 1,217 apps. Apple commits $430 billion in US investments over five years Apple has also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, Oregon. Are you interested in testing our business solutions? In the three years after the law kicked in, Apple said it provided the contents of an undisclosed number of iCloud accounts to the government in nine cases and challenged just three government requests. 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. "Federal Debt: Total Public Debt.". Need infographics, animated videos, presentations, data research or social media charts? Its market capitalization, or market value, is calculated as the total number of outstanding shares of stock multiplied by its market price. Cupertino, California Apple today announced an . Note: Includes apps that were active at their time of removal (i.e. Latest Company & Industry Overviews News and Updates. Apple iPad Pro Vs. Apple iPad Air: Which Should You Choose? Apple revenue increased dramatically in the 2020s, from $65 billion at the start of the decade to $274.5 billion by the end. At that time, Apple relied on PC and electronics stores for the bulk of its sales where the Macintosh and PowerBook G3 went head-to-head with cheaper computers running Windows. Apple also continues to support jobs in the innovative iOS app economy, which facilitated $138 billion of commerce in 2019 in the US alone. Keith Bradsher contributed reporting from Guiyang. U.S. federal government debt as of Sept. 30, 2020. China, the USA and Poland are the top three countries in the production of apple . Working in the interest of the nations future, Apple is supporting education in coding, technology, science, the arts, and math. 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. The country upon which Apple relies for its major hardware production is in a trade conflict with its home country. All Rights Reserved. Apple saw an impressive 57% increase in iPad sales in 2020. It also blocked tools for organizing pro-democracy protests and skirting internet restrictions, as well as apps about the Dalai Lama. The UK comes third for Apple Stores with 38. please include a backlink to the respective infographic URL. However, it has yet to reach Apple's $2 trillion market cap milestone. The components manufactured by those companies all around the world are ultimately sent to just two companies to assemble into iPods, iPhones, and iPads. How many Apple stores are there in 2020? 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. 2. The Apple data center in Guiyang as seen in a satellite image. YouTube, Apple, podcasting, Twitch | 10K views, 450 likes, 143 loves, 543 comments, 176 shares, Facebook Watch Videos from Congressman Matt Gaetz:. Europe and Greater. Apple believes that gives it a legal shield from American law, according to a person who helped create the arrangement. U.S. law has long prohibited American companies from turning over data to Chinese law enforcement. Global top apple producing countries 2022 | Statista Even though Apple has diversified its product line with Watch, AirPods and services, iPhone is still responsible for 52% of its revenue. 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. Steve Jobs gives tour of new Apple Stores 2001 When assessing how the Apple store has changed over the years, there have been three distinct phases: Lifestyle Experience. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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 generates more than half of its revenue from products. He turned the companys fortunes around, launching iTunes and iPod in 2001. High-end smartphonescosting from $300makeup only 6% of the market, or just 6 million units.. 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. Mr. Cook has made frequent, statesmanlike visits to China. 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. The action you just performed triggered the security solution. Behind the scenes, Apple has constructed a bureaucracy that has become a powerful tool in Chinas vast censorship operation. While wars cause the destruction of life that cannot be measured, a 2010 Congressional Research Service reportestimated the economic cost of each U.S. war between 1775 and 2010, adjusting the figures to reflect constant dollar prices as of the fiscal year 2011. Which topics are covered by the "Chart of the Day"? 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. How many stores does Apple have worldwide? - KnowledgeBurrow.com Performance & security by Cloudflare. That led to a project known inside Apple as Golden Gate.. 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. In those three years, Apple's yearly sales grew from a little over $775,000 to $118 million. But our priority remains creating the best user experience without violating the rules we are obligated to follow.. The Americas segment includes North and South America. You only have access to basic statistics. List of countries by apple production - Wikipedia The current Apple Store layout certainly looks different to the format in 2001 with elements such as the tree-lined "Genius Grove" added for customer support and "The Forum" introduced for gaming and creative events. It has considered relocating its production facilities. Sending and receiving money with Apple Pay and the Apple Cash card are available only in the U.S. 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) According to data reported by IDC and Counterpoint Research, Samsung, Xiaomi, Oppo, and Vivo held ~70% of the Indian smartphone shipment market in 2018. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. More than 85 percent of those proceeds go straight to third-party developers. "Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. Apple sits far behind Amazon and Google in units sold, although the launch of the HomePod Mini has made some inroads. Show publisher information The statement was deeply offensive to them, said Mr. Guthrie, who left Apple in 2019 to return to his home in Michigan. Statista offers daily infographics about trending topics, covering:Economy & Finance, Politics & Society, Tech & Media, Health & Environment, Consumer, Sports and many more. By Jack Linshi. Chinese workers assemble nearly every iPhone, iPad and Mac. To make this many devices requires an incredibly complex and far-reaching supply chain. They only indicate that Apple has made compromises that make it easier for the government to do so. Berkshire Hathaway - statistics & facts | Statista The UK comes third for Apple Stores with 38. More than 35,000 of those apps were games, which in China must get approval from regulators. A paid subscription is required for full access. 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. Apple pulled the app and began investigating. Its history is phenomenal, and the lengths to which Apple has gone to upgrade its tech are revolutionary. A budget deficit occurs when expenditures exceed revenue and is the term commonly used to refer to government spending and national debt. Apples (AAPL) trillion-dollar tech ecosystem is now present around the globe. Apple is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. A company's net worth is calculated as its assets minus liabilities. 84 Apple Statistics: 2020/2021 Revenue, Sales & Employees Apple used more suppliers . It is still behind Flipboard, with 145 million MAUs, but may surpass it by 2022. These include white papers, government data, original reporting, and interviews with industry experts. Apple has $246 BILLION in cash, nearly all overseas - CNNMoney In 2018, Apple became the first American company to exceed $1 trillion in market capitalization. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. Apples | Agricultural Marketing Resource Center When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Sales have steadily fallen in China since 2015, although it received a slight bump in 2021. 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. This statistic is not included in your account. 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. 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. Copyright 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. The offers that appear in this table are from partnerships from which Investopedia receives compensation. 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 wanted to keep them in the United States; the Chinese officials wanted them in China. please visit our agency website, Your contact to the Infographics Newsroom, Find your information in our database containing over 20,000 reports, Our infographics team prepares current information in a clear and understandable format, Relevant facts covering media, economy, e-commerce, and FMCG topics, Use our newsletter overview to manage the topics that you have subscribed to. 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. 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. But those R&D centers complicated Apples image as a California company. During that time period, China's apple production amounted to almost 46 million metric tons. Two weeks later, the board said Mr. Guo belonged on Apples China blacklist. Apple works with suppliers and partners across all 50 states, including II-VI, which manufactures for Apple in Texas, New Jersey, Pennsylvania, and Illinois. 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. 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. 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. Switching our focus to continents, European countries sold the highest dollar worth of exported fresh apples during 2021 with shipments valued at $2.9 billion or 38.3% of the worldwide total. His latest effort was an iPhone app in China that delivered those claims. All Rights Reserved. Meanwhile, Apple held just 1.2% of the market share in 2018, according to The Economic Times. Apple said it fired Mr. Pham because of poor performance. You can only download this statistic as a Premium user. Apple generated $41.1 billion revenue from this segment in 2022. Apple iPhone 14: New Leak Claims A Surprise iPhone To Land In Days, Apple Loop: Disappointing iPhone 15 Pro News, Apples Expensive Battery Option, iPhone SE Returns. 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. Dollars). It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. In these regions, Apple can now only capitalize on its wearables and Apple services. "The Real Time Billionaires List. So Apple created new devices to store the keys in China. 1. You need at least a Starter Account to use this feature. statistic alerts) please log in with your personal account. In fiscal 2019, Apple generated $43.7 billion in revenue from China, or 16.7% of its total revenue. You can opt out anytime. Apple has tried to expand its chain of contracted manufacturers to other Asian countries such as . While some analysts predicted failure for the new store, they enjoyed a lucrative opening weekend, taking in $599,000. Sources: Counterpoint Research, TF International Securities, Strategy Analytics. To date, nearly 60 of Apples US sites are LEED certified. Apple added that it removed apps only to comply with Chinese laws. (October 27, 2022). Learn more about how Statista can support your business.