U.S. law has long prohibited American companies from turning over data to Chinese law enforcement. Apple generates more than half of its revenue from products. 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. Apple Music is the second largest music streaming service in the West, far behind Spotifys 150 million users. The iPhone maker will have to recognize the Indian populations style of smartphone usage. 208.97.171.40 More than 85 percent of those proceeds go straight to third-party developers. Lets understand Apples global presence in detail. 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. Forbes. The company has also helped China spread its view of the world. Important people put their reputations on the line. 2023 Apple is one of the biggest job creators in the US. after it demanded Apples help breaking into an iPhone belonging to a terrorist involved in the killing of 14 people in San Bernardino, Calif. Now the Chinese government had an even broader request. Mr. Cook declined an interview for this article. This figure exceeds the GDP of most countries. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. When publishing one of these graphics, China Tops The Apple Production List . Apple has tried to isolate the Chinese servers from the rest of its iCloud network, according to the documents. Apple said it had removed his iPhone app in China because it had determined it was illegal there. Copyright 2023 Market Realist. Apple said it challenged those requests because they were illegal under U.S. law. Apple also planned to use low-cost hardware originally designed for the Apple TV. Apple saw double-digit year-on-year growth in iPhone revenue from 2008 to 2015, but revenues stagnated for the five years afterwards. In 2018, Apple became the first American company to exceed $1 trillion in market capitalization. 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.. 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. 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. This segment alone generated $53 billion revenue in 2020, making it Apples second largest segment. Apple plans to store the personal data of its Chinese customers there on computer servers run by a state-owned Chinese firm. Apple has rebalanced its revenue weighting from products to products and services. Inside, Apple was preparing to store the personal data of its Chinese customers on computer servers run by a state-owned Chinese firm. Apple has switched its focus to services and other long-term revenue sources, as customers keep their phones for longer. For Apple, China is not only a market with a strong iPhone user base but also the manufacturing hub of iPhones. From the region, it generated around 23% of its revenue in fiscal 2019. While sales dropped in 2021, the launch of higher-end iPads meant more revenue per sale. statistic alerts) please log in with your personal account. If Apple's market capitalization was equal to a country's annual GDP, it might just be in the G7. ", 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. Copyright This is not the case for Apple, which has improved sales almost every year since 2009. As a Premium user you get access to background information and details about the release of this statistic. Apples situation in China is looking dicey. Apples are the most consumed fruit in the U.S., followed closely by oranges. The Statista "Chart of the Day" currently focuses A tariff war is an economic battle between countries where they levy additional taxes on each other's exports. 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. Furthermore, Apple has grown to be an organization of national interest. 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. Apple total number of employees in 2020 was 147,000, a 7.3% increase from 2019. The rumor is that there could be a new iPhone 14 early next week. 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. Source: Company data. Apple Inc. continues to be one of the most profitable companies today. Can we put the necessary pieces in place to prevent that ASAP.. 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. Does Statista also create infographics in a customized design? Yet a Times analysis of Chinese app data suggests those disclosures represent a fraction of the apps that Apple has blocked in China. In a presentation to some engineers last year, according to slides viewed by The Times, managers made clear that the stakes were high. U.S. federal government debt as of Sept. 30, 2020. 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. Apps that mapped users runs, edited selfies or taught sexual positions were removed. You can only download this statistic as a Premium user. 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. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. Apple brings in $55 billion a year from the region, far more than any other American company makes in China. At the time, the country was starting to pass laws that gave the government greater leverage over Apple. The colleague replied that Mr. Guo probably should be on the list, given that he had been spreading unverifiable defamatory stories about Chinese officials. Since then, Apple has struggled to entice new customers and iPad owners typically hold onto their device for more than three years. All eyes are on Apples next products, which may include a virtual reality headset and self-driving car. 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 news aggregation service may not responsible for much revenue generation for Apple or news providers but it has added more readers every year since launch. 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. The consumption of fresh market apples in 2019 accounted for 10 pounds (ERS, 2021). 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. 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. Apple Inc. leads all public companies with a $2.08 trillion market cap. 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. You may opt-out by. The Chinese government regularly demands data from Chinese companies, often for law-enforcement investigations. Airships Mobile App Experience Gap Survey Report researched gaps in seven key operational areas. please include a backlink to the respective infographic URL. In second place were Asian exporters at 25.3% while another 12.6% of international apple sales originated from North America. "Apple becomes first U.S. company to reach a $2 trillion market cap. Investopedia does not include all offers available in the marketplace. 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. Note: Apple stopped reporting Mac sales in Q4 2018. This chart shows the total number of Apple Stores worldwide as of May 14, 2021. As of March 15, 2021, Microsoft's market cap was $1.8 trillion, which is approximately 87% of Apple's.. In fiscal 2019, Apple generated $43.7 billion in revenue from China, or 16.7% of its total revenue. The company earns a fifth of its revenue in the China region. Use is, however, only permitted with 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. The company has developed an entire healthcare ecosystem. Apple Podcastsis the best place to browse and listen to the worlds largest catalog of podcasts. and displayed without charge by all commercial and You can email the site owner to let them know you were blocked. We also reference original research from other reputable publishers where appropriate. Internal Apple documents reviewed by The New York Times, interviews with 17 current and former Apple employees and four security experts, and new filings made in a court case in the United States last week provide rare insight into the compromises Mr. Cook has made to do business in China. Apple also continues to support jobs in the innovative iOS app economy, which facilitated $138 billion of commerce in 2019 in the US alone. Sales have steadily fallen in China since 2015, although it received a slight bump in 2021. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Chinas leader, Xi Jinping, is increasing his demands on Western companies, and Mr. Cook has resisted those demands on a number of occasions. In this scenario, China is a viable alternative. 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. These services are provided by Green Dot Bank, member FDIC. India is still uncharted territory for Apple. Sources: Apple, Gartner. It has considered relocating its production facilities. Yet thats an aspect of their new agreement MLS and Apple have seemed to almost purposefully ignore. Apples new data center in the Inner Mongolia region of China. 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. We agreed to this timeline three years ago, said one slide. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA. 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, growing its San Diego team to more than 5,000 employees by 2026. 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.. daily and featuring the latest statistics from the media, 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. Today, Apple supports more than 2.7million jobs across the country through direct employment, spending with US suppliers and manufacturers, and developer jobs in the thriving iOS app economy. Tim Cook might have to consider shifting iPhone assembly to other Asian nations, such as Taiwan or Malaysia. Yes, Statista allows the easy integration of many infographics on other websites. The Greater China segment comprises of China, Hong Kong, and Taiwan. Sources: Bloomberg, Statista. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. Six months later, Apple fired Mr. Pham. As Mr. Guthrie was delivering his warnings, Apple set about keeping the Chinese government happy. With nearly 110,000 tech workers downsized in 2023, Apple employees have been spared the ax. The security experts said that arrangement alone represented a threat that no engineer could solve. One of his first research projects was Apples Chinese supply chain, which involved millions of workers, thousands of plants and hundreds of suppliers. YouTube, Apple, podcasting, Twitch | 10K views, 450 likes, 143 loves, 543 comments, 176 shares, Facebook Watch Videos from Congressman Matt Gaetz:. Read on as we dissect how these devices compare. Compared to the U.S., the world's largest economy with a GDP of $21.43 trillion in 2019, Apple's market cap represents 9.7%., Only 7 countries have annual GDP figures greater than Apple's market cap. The concept's success can be seen by the fact that competitors such as Samsung, Xiaomi and Huawei are pursuing a similar strategy and opening their own physical stores. By 2004, Apple's new retail model raked in $1 billion in sales. Apple total number of employees in 2022 was 164,000, a 6.49% increase from 2021. With Samsung and Huawei offering high-end specifications in budget phones, Apple has lost its appeal to the extensive Indian audience. Apple Inc. All rights reserved. iPhone is Apples most valuable product and has, since 2008, been its main source of revenue. 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. ", Forbes. In 2018, the Americas had an operating profit of $26.2 billion, contributing 42% to Apple's total profit. Next week marks 20 years of the Apple Store. 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. Discover the current debt ceiling and its economic impact. "Federal Debt: Total Public Debt.". We have never compromised the security of our users or their data in China or anywhere we operate, the company said. Awards from the fund have led to breakthrough innovations in laser technology, sustainable material development, 5G infrastructure, and other cutting-edge fields. 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. The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. ", Federal Reserve Bank of St. Louis. Statista offers daily infographics about trending topics, covering:Economy & Finance, Politics & Society, Tech & Media, Health & Environment, Consumer, Sports and many more. In comparison to iPhone, iPad and Mac, Apples services revenue has increased year-on-year. For a time, simply typing the word Taiwan could make an iPhone crash, according to Patrick Wardle, a former hacker at the National Security Agency. Valued at over $2 trillion in 2021, it is also the most valuable technology company in the world. While some analysts predicted failure for the new store, they enjoyed a lucrative opening weekend, taking in $599,000.

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