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. 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. Here's everything you need to know about Apple Retail including COVID-19 status, new store openings, and the latest news. Chinese officials say their cybersecurity law is intended to protect Chinese residents data from foreign governments. An extensive complex of apartments and town homes is being built across the street from Apples data center in Guiyang. Sources: Company data, Forbes, MiDiA Research. Keith Bradsher contributed reporting from Guiyang. The per person consumption of apple juice and cider decreased to 12.6 pounds. Most of that data for Chinese customers was stored on servers outside China. The country has more than one billion potential users plus a cost-effective product manufacturing arena. Apple abandoned the encryption technology it used elsewhere after China would not allow it. Six months later, Apple fired Mr. Pham. All values afterwards are estimatesSources: Apple, Canalys, IDC, Strategy Analytics. 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. Note: Apples financial year ends in September. In the US and Europe, Apple has reached a saturation point. A trillionaire is an individual with a net worth of more than one trillion in U.S. dollars or another similarly valued currency. In public appearances, he has said that while he often disagrees with Chinas laws, the world is better off with Apple in China. 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. Of these, 216, or 97.3%, generate less than $2.08 trillion in annual GDP.. Source: Company data. According to the press release, the App . Need infographics, animated videos, presentations, data research or social media charts? The company earns a fifth of its revenue in the China region. Indian sentiment thrives on budget spending. The components manufactured by those companies all around the world are ultimately sent to just two companies to assemble into iPods, iPhones, and iPads. However, the challenges for Apple in the country are not like those in others. Sources: Bloomberg, Statista. High-end smartphonescosting from $300makeup only 6% of the market, or just 6 million units.. 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. Yes, Statista allows the easy integration of many infographics on other websites. Next week marks 20 years of the Apple Store. The . The development gave Chinese smartphone maker Huawei the chance to make its move. It is unclear what led to the change. 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. iCloud needs influential friends in China.. This business model only really fits and works in China, Mr. Guthrie said in an interview. world relating to economic and political issues as well as Apple's CEO Tim Cook is estimated to have a net worth of $1 billion. Mr. Cook has been on a charm offensive in China, making frequent, statesmanlike visits and meeting with top leaders. Instead of laying off full-time permanent employees, Apple has begun letting go of contractors. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. In second place were Asian exporters at 25.3% while another 12.6% of international apple sales originated from North America. U.S. law has long prohibited American companies from turning over data to Chinese law enforcement. One can imagine what record it will break next. A company's net worth is calculated as its assets minus liabilities. Steve Jobs, the founder and CEO, was one of technologys first rockstars, able to sell hardware as more than a tool for work. In 2022, it generated $394.3 billion in revenue. Behind the scenes, Apple has constructed a bureaucracy that has become a powerful tool in Chinas vast censorship operation. "He also shut down 10 of the 19 Apple warehouses to limit overstocking." 6 June 2011 - Online media storage system - iCloud - launched. Apple has utilized different regions universal selling points in its favor, creating a win-win situation for itself and each region. Today, the App Store supports more than 2.1 million US jobs across all 50 states. 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. 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. 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.. If Apple decides to bear the tariff costs, its EPS could fall by 23% in 2020. iPhone is Apples most valuable product and has, since 2008, been its main source of revenue. The Chinese are serial iPhone breakers, said Ross J. Anderson, a University of Cambridge cybersecurity researcher who reviewed the documents. AirPods were next, which paved the way for wireless headphones to become mainstream. Apples iCloud service allows customers to store some of their most sensitive data things like personal contacts, photos and emails in the companys data centers. In the 2021/2022 crop year, China was the leading producer of apples worldwide. under the Creative Commons License CC BY-ND 3.0, may be used Apple Services now available in more countries around the world. Apples $430 billion US investments include working with more than 9,000 suppliers and companies large and small in all 50 states. 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. Apple sits far behind Amazon and Google in units sold, although the launch of the HomePod Mini has made some inroads. 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. Your choice is: Do you participate? At the time, the country was starting to pass laws that gave the government greater leverage over Apple. Apple encrypts customers private data in its iCloud service. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. Part of that effort was new research and development centers in China. U.S. federal government debt as of Sept. 30, 2020. 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. In 2018, Apple broke the record to become the first company to record a $1 trillion market capitalization. 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. Even though Apple device sales have stagnated in the past few years, it has added more active iPhone users every year. already surveil their citizens in myriad other ways, what Mr. Cook suggested in a 2018 interview. I call China Apples second home. The country is a potentially lucrative market, making high-end products at low cost. In 2018, Apple became the first American company to exceed $1 trillion in market capitalization. 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. Even though several analysts predicted the new physical stores would fail, the first two locations took in $599,000 on their opening weekend with the new Apple retail model raking in $1 billion in sales by 2004. 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. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. A resulting report said the app was published because the China hide process was not followed, according to court documents. Cost of WWI, the Vietnam War, and the Iraq War, 5. Apple is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. Mr. Cook approved the decision, according to two people with knowledge of the matter who spoke on the condition of anonymity. All other regions have been steady in terms of sales. 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. Now it has to answer to the Chinese government. According to the companys 2019 SEC filing, the country alone accounts for 45% of Apples revenue. 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. One of his first research projects was Apples Chinese supply chain, which involved millions of workers, thousands of plants and hundreds of suppliers. About half of all iPhone users actively use Apple Pay, according to Loup Ventures. Andy Leaver (@AndyLeaver) February 1, 2017 However, it will take a long time until they come remotely close to matching the Apple Store empire. 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. Show publisher information 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. Quarterly smartphone market share worldwide by vendor 2009-2022, Market share of mobile operating systems worldwide 2009-2022. Here's a more recent look at the company's financial 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. Its history is phenomenal, and the lengths to which Apple has gone to upgrade its tech are revolutionary. non-commercial websites. Note: Apple stopped reporting Mac sales in Q4 2018. "Monthly Budget Review: Summary for Fiscal Year 2020. Its net worth as of 2020 was an impressive $65 billion. internet, telecommunications and consumer electronics Growing from its 2001 launch with a pair of stores in Tysons Corner, Virginia, and Glendale, California, Apple now has more than 500 retail locations all around the world. Apple was the leading smartwatch vendo r, claiming 52.5% of the global smartwatch market share as of 2021. These decisions are not always easy, and we may not agree with the laws that shape them, the company said. 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 recently began disclosing how often governments demand that it remove apps. Although Amazon posts great marks, it is not bigger than Apple. Yet a Times analysis of Chinese app data suggests those disclosures represent a fraction of the apps that Apple has blocked in China. Apple failed in this segment, too, unlike peers Google and Microsoft. The Apple iPad Pro and Apple iPad Air stand atop Apple's tablet lineup. Yet thats an aspect of their new agreement MLS and Apple have seemed to almost purposefully ignore. 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. Mr. Shoemaker said he and his team rationalized removing apps by framing them as simply enforcing a countrys laws. So Mr. Cook agreed to move the personal data of his Chinese customers to the servers of a Chinese state-owned company. 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. Apple Music offers more than 60 million songsandlocally curated playlists including Africa Now, Afrobeats Hits, and more. How many Apple stores are there in 2020? All Rights Reserved. "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. The company has paid more than $23 billion to App Store developers across Europe, making a good market for itself. The next iPad Pro may come with an OLED screen, and the latest report claims itll come with a big price increase. Access to this and all other statistics on 80,000 topics from, Show sources information 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. Apple generated $41.1 billion revenue from this segment in 2022. Apple is one of the biggest job creators in the US. The service can back up everything stored on an iPhone or Mac computer, and can reveal the current location of a users Apple devices. It has received 4018 citations so far from companies like HTC, Microsoft, Huawei, and Motorola. Only then can a strategy be outlined to penetrate the mainstream market. 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.. ", Federal Reserve Bank of St. Louis. Apple shipped over 228 million iPhones in 2021. On Aug. 2, he approved it. Apples (AAPL) trillion-dollar tech ecosystem is now present around the globe. An Apple spokesman said that the company still controlled the keys that protect the data of its Chinese customers and that Apple used its most advanced encryption technology in China more advanced than what it used in other countries. In an initial agreement between Apple and Chinese officials, the location of the keys was left intentionally vague, one person said. With the keys in China, the government has two avenues to the data, security experts said: demand it or take it without asking. GCBD declined to answer questions about its Apple partnership. 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. Most of those apps have remained available in other countries. The security experts said that arrangement alone represented a threat that no engineer could solve. In, Apple. 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. 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. The company's revenue jumped from $8 billion in 2014 to over $265 billion in 2018. AirPods have become a significant business for Apple, with over 80 million sales in 2022. 6 February 2013 - Apple announces iTunes touched a milestone of around 25 billion songs sold. It was bad news for Apple, which had staked its reputation on keeping customers data safe. It has also introduced free software, Swift, to teach coding. We have a deep sense of responsibility to give back to our country and the people who help make our success possible.. Cue and Mr. Schiller. Im convinced that they will have the ability to break into the servers.. Note: Includes apps that were active at their time of removal (i.e. the tech industry is showing some growth in Europe. Despite where it's headed, it maintains its position at the top. Despite the pressures of the pandemic, healthcare institutions dominate the America's Best Large Employers 2023 list. Just last month, Apple announced a massive new US energy storage project in Californias Monterey County joining other energy storage projects the company has invested in, including its microgrid at Apple Park. Indian smartphone and laptop users generally avoid paid entertainment services. But then youre married to China.. 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. 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. The App Store, Apple Arcade, Apple Music, Apple Podcasts, and iCloud are now available to more customers around the world. Wearable, Home and Accessories revenue Apple generated $41.1 billion revenue from this segment in 2022. Discover the current debt ceiling and its economic impact. 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. Apple pulled the app and began investigating. Cupertino, California Apple announced that starting today, even more customers around the world can enjoy many of Apples most popular Services. 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. This new era has made the league a lot more accessible for most fans. As of March 15, 2021, Microsoft's market cap was $1.8 trillion, which is approximately 87% of Apple's.. Mr. Guthrie concluded that no other country could offer the scale, skills, infrastructure and government assistance that Apple required. How many countries is Apple Music available in? It was a tightrope we had to walk.. Apple built the worlds most valuable business on top of China. Other companies faced a similar dilemma in China, but Apple was uniquely exposed because of its high profile and acute dependence on the country. 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. Apple will have to shape its product and pricing strategy so that it can penetrate the budget-oriented Indian smartphone market. The Market Value of Some Stock Exchanges, 4. Working in the interest of the nations future, Apple is supporting education in coding, technology, science, the arts, and math. 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. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Note: 2021 is a projection. Apple believes that gives it a legal shield from American law, according to a person who helped create the arrangement. Like China, it has more than one billion potential users. More than 600 news apps also disappeared. In comparison to AirPods, HomePod has seen limited success. The colleague replied that Mr. Guo probably should be on the list, given that he had been spreading unverifiable defamatory stories about Chinese officials. Apple still appears to provide far more data to U.S. law enforcement. He turned the companys fortunes around, launching iTunes and iPod in 2001. Learn more about how Statista can support your business. Chinas leader, Xi Jinping, is increasing his demands on Western companies, and Mr. Cook has resisted those demands on a number of occasions. Apple total number of employees in 2022 was 164,000, a 6.49% increase from 2021. 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. Jobs believed this had to involve a transformation in the customer relationship where purchasers were afforded more control over the presentation of the products. This is not the case for Apple, which has improved sales almost every year since 2009. Want to learn more about Apple? The Chinese government regularly demands data from Chinese companies, often for law-enforcement investigations. The Chinese network would be established, managed, and monitored separately from all other networks, with no means of traversing to other networks out of country. Two Apple engineers said the measure was to prevent security breaches in China from spreading to the rest of Apples data centers. While sales dropped in 2021, the launch of higher-end iPads meant more revenue per sale. The offers that appear in this table are from partnerships from which Investopedia receives compensation. To equal Apple's market cap, one must combine the net worth of the world's top 24 billionaires.. 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. It is still behind Flipboard, with 145 million MAUs, but may surpass it by 2022. to incorporate the statistic into your presentation at any time. 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. 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. Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment. Latest Company & Industry Overviews News and Updates. The conglomerate increased its funding from $1 billion to $5 billion to support innovation among American manufacturers. According to a CNBC report in January, on India, Tim Cook said, I feel like were making good progress there and are gaining an understanding of the market, but we still have a long way to go, which I sort of see as an opportunity instead of a problem. 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. The UK comes third for Apple Stores with 38. Its success has inspired competitors such as Samsung, Xiaomi and Huawei to pursue a similar strategy and open their own physical retail stores. 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 government must approve any encryption technology that Apple uses in China, according to two current Apple employees. As soon as this statistic is updated, you will immediately be notified via e-mail. But for most of that information, Apple also has the digital keys to unlock that encryption. Apple invested $6 billion into TV+ in 2019, a huge gamble in a market with Netflix, Amazon and Disney all competing for eyeballs. In fact, only seven countries in the world have a higher GDP than Apple's market cap. A bigger chunk of the tech-using population relies on free third-party services. In 2014, Apple hired Doug Guthrie, the departing dean of the George Washington University business school, to help the company navigate China, a country he had spent decades studying. The UK comes third for Apple Stores with 38. Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. dollars) [Graph]. But which one works best for you? 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. 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.

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