"Apple becomes first U.S. company to reach a $2 trillion market cap. It also exceeds the total value of stocks on most exchanges worldwide. Apple said it fired Mr. Pham because of poor performance. 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. And the digital keys that unlock information on those computers are stored in the data centers theyre meant to secure. In 2018, Apple broke the record to become the first company to record a $1 trillion market capitalization. How does technological factors affect Apple? - idswater.com The second major geography that Apple dominates is Europe. Apple Inc. All rights reserved. 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. The UK comes third for Apple Stores with 38. 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. An extensive complex of apartments and town homes is being built across the street from Apples data center in Guiyang. 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. Apple added that it removed apps only to comply with Chinese laws. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. You need a Statista Account for unlimited access. Apple Services now available in more countries around the world Global GDP was $87.799 trillion in 2019, per the latest data from the World Bank, and Apple's market cap is 2.36% of that figure. 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. Click to reveal But then youre married to China.. Access to this and all other statistics on 80,000 topics from, Show sources information 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. You get in the arena, because nothing ever changes from the sideline.. Apple will have to shape its product and pricing strategy so that it can penetrate the budget-oriented Indian smartphone market. India is among the worlds fastest-growing economies. 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. already surveil their citizens in myriad other ways, what Mr. Cook suggested in a 2018 interview. 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. 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. Forbes. The colleague replied that Mr. Guo probably should be on the list, given that he had been spreading unverifiable defamatory stories about Chinese officials. industries; and "Economy and Society", which Therefore, all Apple had to do was understand the market before it could start churning out profits. The Chinese government must approve any encryption technology that Apple uses in China, according to two current Apple employees. Market Realist is a registered trademark. Cost of WWI, the Vietnam War, and the Iraq War, 5. Dec 20, 2022. !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. All values as of most recently reported quarter unless otherwise noted. In, Apple. 2023 Forbes Media LLC. Even though Apple has diversified its product line with Watch, AirPods and services, iPhone is still responsible for 52% of its revenue. Indian sentiment thrives on budget spending. Apple also planned to use low-cost hardware originally designed for the Apple TV. By Jack Nicas,Raymond Zhong and Daisuke Wakabayashi. In comparison to AirPods, HomePod has seen limited success. Apple iPad Pro With OLED Display: New Leak Predicts Huge Price Hike, New iPhone 15 Exclusive Confirms Stunning Apple Design Decision, Apple Increases iPad, iPhone, MacBook Replacement Battery Prices, Apple TV+ Is Looking Into Streaming More Live Sports, New iPhone SE Will Never Be Apples Perfect iPhone, New Apple Leak Highlights Stunning MacBook Decision, Real Madrid Takes Center Stage In Apple TV+ Documentary Series, MLS On Apple TV Is Already A Great Product That Is Promoted Poorly, Apple Hardware Will Change The Face of Consumer Healthcare, Forget Apple Watch: Fitbit Could Beat Apple To Game-Changing New Feature, Apple Is Cutting Contractors To Save Costs, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The development gave Chinese smartphone maker Huawei the chance to make its move. The consumption of fresh market apples in 2019 accounted for 10 pounds (ERS, 2021). Six months later, Mr. Guo submitted his app again, with changes to elude Apples software. It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. What were panned by many as pricey accessories have become mainstream, with almost every phone manufacturer offering their own hearable to compete with Apple. Most of that data for Chinese customers was stored on servers outside China. The security experts said that arrangement alone represented a threat that no engineer could solve. Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period. The documents showed that Apples deadline to start storing data in the new Chinese data centers was June 2021. Mr. Guthrie concluded that no other country could offer the scale, skills, infrastructure and government assistance that Apple required. U.S. law has long prohibited American companies from turning over data to Chinese law enforcement. 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. You can only download this statistic as a Premium user. Dollars). As iPhone revenues have stagnated, Apple has looked for new ways to generate revenue from the iPhone. 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. 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. But Apple and the Chinese government have made an unusual arrangement to get around American laws. The discrepancy between Apples disclosures and the Times analysis is in part because Apple is removing apps before Chinas internet censors even complain. Does Statista also create infographics in a customized design? Apple uses more suppliers from China than Taiwan for first time, data While there have been iterations and new models, this core has remained popular across a broad spectrum of professional customers. How many countries is Apple Music available in? Apple commits $430 billion in US investments over five years. Since then, Apple has struggled to entice new customers and iPad owners typically hold onto their device for more than three years. Led by Warren Buffet-the world's seventh richest billionaire as of January 2022 - the early years of the company focused on long-term investments in publicly traded companies, but now more. It offers personal computers, portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Wearable, Home and Accessories quarterly revenue 2015 to 2023 ($bn) Apple does not break out its other categories, making it difficult to determine how much revenue each product is generating. This figure exceeds the GDP of most countries. Chinese workers assemble nearly every iPhone, iPad and Mac. Of the top 72 exchanges in the world, only 11 have market caps greater than Apple. But today, Apple is facing stagnation in its own market. "He also shut down 10 of the 19 Apple warehouses to limit overstocking." world relating to economic and political issues as well as In fact, only seven countries in the world have a higher GDP than Apple's market cap. Twenty years later, Apple now has 510 stores across 25 countries and territories. 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. Apple Statistics, Facts, Updates, Operating Systems, Strategy - Market.us iPad sales peaked in 2013, with the launch of the iPad Mini enticing 97 million customers. Note: Includes apps that were active at their time of removal (i.e. With nearly 110,000 tech workers downsized in 2023, Apple employees have been spared the ax. Show publisher information Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Mr. Cook has made frequent, statesmanlike visits to China. In comparison to iPhone, iPad and Mac, Apples services revenue has increased year-on-year. 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. Valued at over $2 trillion in 2021, it is also the most valuable technology company in the world. A resulting report said the app was published because the China hide process was not followed, according to court documents. One of his first research projects was Apples Chinese supply chain, which involved millions of workers, thousands of plants and hundreds of suppliers. Apple brings in $55 billion a year from the region, far more than any other American company makes in China. Apple abandoned the encryption technology it used elsewhere after China would not allow it. At the time, the country was starting to pass laws that gave the government greater leverage over Apple. "The Real Time Billionaires List. 84 Apple Statistics: 2020/2021 Revenue, Sales & Employees You may opt-out by. To equal Apple's market cap, one must combine the net worth of the world's top 24 billionaires.. 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. 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. Source: Company data. As Mr. Guthrie was delivering his warnings, Apple set about keeping the Chinese government happy. Apple (AAPL) has officially reported its earnings for fiscal Q3 2021, covering the months of April, May, and June. While Apple regularly responded to court orders for access to customer data, Mr. Cook had rebuffed the F.B.I. The company has also helped China spread its view of the world. Astonishing Apple Statistics Apple sold 1.3 billion devices in 2018. Accessed March 04, 2023. https://www.statista.com/statistics/382175/quarterly-revenue-of-apple-by-geograhical-region/, Apple. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Despite the pressures of the pandemic, healthcare institutions dominate the America's Best Large Employers 2023 list. Apple used more suppliers . to incorporate the statistic into your presentation at any time. Your choice is: Do you participate? The Rest of Asia Pacific segment includes Australia and Asian countries. Even with Apples shift in priorities from PC to mobile, Mac has remained a core part of the companys product portfolio. 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. Sources: Bloomberg, Statista. 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. proper attribution to Statista. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Copyright Apple has tried to expand its chain of contracted manufacturers to other Asian countries such as . The rumor is that there could be a new iPhone 14 early next week. 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. In these regions, Apple can now only capitalize on its wearables and Apple services. Apple said it removed Mr. Guos app in China because it had determined it was illegal there. Apple total number of employees in 2022 was 164,000, a 6.49% increase from 2021. The accelerated commitment will fund a new North Carolina campus and job-creating investments in innovative fields like silicon engineering and 5G technology. My own view very strongly is: You show up and you participate. Note: Apple stopped reporting iPad sales in Q4 2018. Apple is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. They only indicate that Apple has made compromises that make it easier for the government to do so. High-end smartphonescosting from $300makeup only 6% of the market, or just 6 million units.. Apple total number of employees in 2020 was 147,000, a 7.3% increase from 2019. 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 a presentation to some engineers last year, according to slides viewed by The Times, managers made clear that the stakes were high. Working in the interest of the nations future, Apple is supporting education in coding, technology, science, the arts, and math. How U.S. Sanctions Keep Apple's iPhones Out of Some Countries - Time 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. 6 June 2011 - Online media storage system - iCloud - launched. Important people put their reputations on the line. 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. Tim Cook, Apples chief executive, has said the data is safe. Discover the current debt ceiling and its economic impact. We agreed to this timeline three years ago, said one slide. In fiscal 2019, Apple generated $43.7 billion in revenue from China, or 16.7% of its total revenue. Episode 88 LIVE: Balloon Mania - Firebrand with Matt Gaetz | YouTube In the beginning, Apple stores were locations to touch and see the Apple lifestyle experience. Sources: Counterpoint Research, TF International Securities, Strategy Analytics. the tech industry is showing some growth in Europe.