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. One can imagine what record it will break next. 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. Sources: Bloomberg, Statista. That led to a project known inside Apple as Golden Gate.. 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.. By 2004, Apple's new retail model raked in $1 billion in sales. October 27, 2022. 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. Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment. He didnt find anything that violated Apples rules. There will be immense pressure to get it done. 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. Im convinced that they will have the ability to break into the servers.. You need a Statista Account for unlimited access. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, eHealth - Gesundheits-Konsumenten-Apps im Apple Store nach Zielgruppe 2013, eHealth - Gesundheits-Konsumenten-Apps im Apple Store nach Therapiegebiet, eHealth - Anzahl der Gesundheits-Konsumenten-Apps im Apple Store nach Funktionalitt, eHealth - Gesundheits-Konsumenten-Apps im Apple Store entlang des Behandlungspfads, eHealth - Anzahl der Gesundheits-Apps im Apple Store nach Nutzer 2013, eHealth - Gesundheits-Konsumenten-Apps im Bereich psychische Gesundheit 2013. 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. But for most of that information, Apple also has the digital keys to unlock that encryption. Apple hired Doug Guthrie in 2014 to help the company navigate China. 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. 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. Investopedia does not include all offers available in the marketplace. In second place were Asian exporters at 25.3% while another 12.6% of international apple sales originated from North America. Its success has inspired competitors such as Samsung, Xiaomi and Huawei to pursue a similar strategy and open their own physical retail stores. 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. In this scenario, China is a viable alternative. Two decades ago, as Apples operations chief, Mr. Cook spearheaded the companys entrance into China, a move that helped make Apple the most valuable company in the world and made him the heir apparent to Steve Jobs. According to data reported by IDC and Counterpoint Research, Samsung, Xiaomi, Oppo, and Vivo held ~70% of the Indian smartphone shipment market in 2018. 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. 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. As it stands, however, those companies will have a lot of work to do in order to match the global Apple Store empire. Accessed March 04, 2023. https://www.statista.com/statistics/382175/quarterly-revenue-of-apple-by-geograhical-region/, Apple. 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. 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. But China would not approve the use of the Thales devices, according to two employees. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. [1] The estimated total world production of apples in 2017 was 83,139,326 metric tonnes, down 2.4% from 85,204,410 tonnes in 2016. It has also introduced free software, Swift, to teach coding. All values afterwards are estimates. Apple invested $6 billion into TV+ in 2019, a huge gamble in a market with Netflix, Amazon and Disney all competing for eyeballs. iPad sales peaked in 2013, with the launch of the iPad Mini enticing 97 million customers. 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. The Chinese employees were angered, according to Mr. Guthrie and another person in the room. A company's net worth is calculated as its assets minus liabilities. But Apple and the Chinese government have made an unusual arrangement to get around American laws. Apple pulled the app and began investigating. Source: Company data. 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. 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. 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. Apple Music is the second largest music streaming service in the West, far behind Spotifys 150 million users. Six months later, Apple fired Mr. Pham. As of March 15, 2021, Microsoft's market cap was $1.8 trillion, which is approximately 87% of Apple's.. It operates. Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. ", Apple, Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/382175/quarterly-revenue-of-apple-by-geograhical-region/ (last visited March 04, 2023), Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. dollars) [Graph], Apple, October 27, 2022. Indian sentiment thrives on budget spending. Apple has been rather inactive in the smart TV market as well, with Roku and Amazon ahead it in units sold. To make this many devices requires an incredibly complex and far-reaching supply chain. U.S. law has long prohibited American companies from turning over data to Chinese law enforcement. Opinions expressed by Forbes Contributors are their own. High-end smartphonescosting from $300makeup only 6% of the market, or just 6 million units.. Trillionaire Definition: How Much Money Is That and Who Will Be First? 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. Apple said that since 2017, it had taken down 70 news apps in response to Chinese government demands. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. Its net worth as of 2020 was an impressive $65 billion. Apple Inc. All rights reserved. Of these, 216, or 97.3%, generate less than $2.08 trillion in annual GDP.. Note: 2021 is a projection. There was little sign of its purpose, apart from the flags of Apple and China flying out front, side by side. In some countries and regions, Business Chat will become available to . 20 years on from the first Apple Stores opening their doors, the concept has come a long way. 6 February 2013 - Apple announces iTunes touched a milestone of around 25 billion songs sold. Mr. Cook has been on a charm offensive in China, making frequent, statesmanlike visits and meeting with top leaders. Sometimes, Mr. Shoemaker said, he was awakened in the middle of the night with demands from the Chinese government to remove an app. Keith Bradsher contributed reporting from Guiyang. Apple said it removed Mr. Guos app in China because it had determined it was illegal there. They were just furious.. Apple broke two records by becoming the first company to record both a $1 trillion and $2 trillion market cap. 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. Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. iPhone is Apples most valuable product and has, since 2008, been its main source of revenue. Apple recently began disclosing how often governments demand that it remove apps. She suggested that the question be elevated to Apples executive review board, a group of executives who decide the trickiest App Store issues, including top deputies to Mr. Cook. 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 generated $41.1 billion revenue from this segment in 2022. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. While Apple regularly responded to court orders for access to customer data, Mr. Cook had rebuffed the F.B.I. And the digital keys that unlock information on those computers are stored in the data centers theyre meant to secure. Key takeaways: Apple is the world's most valuable brand, worth $263.4 billion as of 2021. People may receive compensation for some links to products and services on this website. The digital keys that can decrypt iCloud data are usually stored on specialized devices, called hardware security modules, that are made by Thales, a French technology company. AirPods were next, which paved the way for wireless headphones to become mainstream. In a presentation to some engineers last year, according to slides viewed by The Times, managers made clear that the stakes were high. 28 May 2014 - Apple announces the purchase of Beats for around US$ 3 Billion. 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. Instead of laying off full-time permanent employees, Apple has begun letting go of contractors. Or do you stand on the sideline and yell at how things should be? he said at a conference in China in 2017. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. It said that Mr. Pham, the app reviewer, should have sent the app to Apples Chinese language specialists, who had been trained on which topics to block in the Chinese App Store, including Mr. Guo. Even with Apples shift in priorities from PC to mobile, Mac has remained a core part of the companys product portfolio. 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.. Mr. Cook declined an interview for this article. But just as Mr. Cook figured out how to make China work for Apple, China is making Apple work for the Chinese government. 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). The company has provided battery replacement options for longer device usage. ", Federal Reserve Bank of St. Louis. If the situation goes south from here, the production of Apples major revenue-making product, the iPhone, would be at stake. Apple is one of the biggest job creators in the US. Tim Cook might have to consider shifting iPhone assembly to other Asian nations, such as Taiwan or Malaysia. Note: Apple stopped reporting iPhone sales in Q4 2018. Documents reviewed by The Times do not show that the Chinese government has gained access to the data. Learn more about how Statista can support your business. to incorporate the statistic into your presentation at any time. Even though Apple device sales have stagnated in the past few years, it has added more active iPhone users every year. Mr. Guos media outlets have a history of peddling misinformation. Apple plans to store the personal data of its Chinese customers there on computer servers run by a state-owned Chinese firm. So Apple created new devices to store the keys in China. 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. 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. iPhone continues to be the main revenue generator, but its percentage has decreased in the past five years. Click to reveal All Rights Reserved. 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. 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. Apple brings in $55 billion a year from the region, far more than any other American company makes in China. You can learn more about the standards we follow in producing accurate, unbiased content in our. Its perhaps the worlds most recognizable consumer tech brand. Mr. Cook approved the decision, according to two people with knowledge of the matter who spoke on the condition of anonymity. Apple now assembles nearly all of its products and earns a fifth of its revenue in the China region. 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. This app and any Guo Wengui app cannot be on the China store, he wrote, according to the emails filed in the court case. This chart shows the total number of Apple Stores worldwide as of May 14, 2021. The iPhone saw Apple ascend to one of the most valuable companies in the world, with revenue increasing from $37.4 billion in 2008 to $65 billion in 2010. 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. We have a deep sense of responsibility to give back to our country and the people who help make our success possible.. 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 company has also helped China spread its view of the world. Copyright 2023 Market Realist. 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. It was bad news for Apple, which had staked its reputation on keeping customers data safe. In 2018, Apple broke the record to become the first company to record a $1 trillion market capitalization. While there have been iterations and new models, this core has remained popular across a broad spectrum of professional customers. The Chinese government regularly demands data from Chinese companies, often for law-enforcement investigations. 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. 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. According to the companys 2019 SEC filing, the country alone accounts for 45% of Apples revenue. The Americas segment includes North and South America. So Mr. Cook agreed to move the personal data of his Chinese customers to the servers of a Chinese state-owned company. 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..