As it stands, however, those companies will have a lot of work to do in order to match the global Apple Store empire. "Apple becomes first U.S. company to reach a $2 trillion market cap. Chinas leader, Xi Jinping, is increasing his demands on Western companies, and Mr. Cook has resisted those demands on a number of occasions. The latest news and updates, direct from Apple. *Click below to enlarge (charted byStatista), Total number of Apple Stores worldwide as of May 14, 2021, This is a BETA experience. In the three years before Chinas cybersecurity law went into effect, Apple never provided the contents of a users iCloud account to the Chinese authorities and challenged 42 Chinese government requests for such data, according to statistics released by the company. "This business model only . Our comprehensive Apple Report covers all of the companys financials, with in-depth breakdowns of each of its five business segments: iPhone, iPad, Mac, Wearables, and Services. By Jack Linshi. It also exceeds the total value of stocks on most exchanges worldwide. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Wearable, Home and Accessories quarterly revenue 2015 to 2023 ($bn) A bigger chunk of the tech-using population relies on free third-party services. iPhone continues to be the main revenue generator, but its percentage has decreased in the past five years. Trieu Pham, an app reviewer in Cupertino, was assigned the app. under the Creative Commons License CC BY-ND 3.0, may be used Learn more about how Statista can support your business. Western markets have very few first-time buyers, and the device upgrade cycle of Apples user base has stretched. It was a tightrope we had to walk.. The remaining 20,000 cut across a wide range of categories. Apple iPad Pro Vs. Apple iPad Air: Which Should You Choose? Statista offers daily infographics about trending topics, covering:Economy & Finance, Politics & Society, Tech & Media, Health & Environment, Consumer, Sports and many more. Apple works with suppliers and partners across all 50 states, including II-VI, which manufactures for Apple in Texas, New Jersey, Pennsylvania, and Illinois. In second place were Asian exporters at 25.3% while another 12.6% of international apple sales originated from North America. Source: Company data. Apples Siri has been the unfortunate brunt of many jokes about artificial intelligence and smart assistants, however hundreds of millions of iPhone users actively use the application. Sales have steadily fallen in China since 2015, although it received a slight bump in 2021. The majority of subscribers are from the US, which is one of the few countries Apple is close to Spotify. Dec 20, 2022. [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. For the quarter, Apple reported $81.43 billion in revenue, up 36 percent. Apple works with suppliers in 43 countries and six continents to make its products, and the chain gets even . 28 May 2014 - Apple announces the purchase of Beats for around US$ 3 Billion. current data from the United States and around the In those three years, Apple's yearly sales grew from a little over $775,000 to $118 million. As a subscriber, you have 10 gift articles to give each month. 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. Wearable, Home and Accessories revenue Apple generated $41.1 billion revenue from this segment in 2022. The Chinese government made that operation possible by spending billions of dollars to pave roads, recruit workers, and construct factories, power plants and employee housing. Yet thats an aspect of their new agreement MLS and Apple have seemed to almost purposefully ignore. 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. My own view very strongly is: You show up and you participate. 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 company has also helped China spread its view of the world. Can I integrate infographics into my blog or website? Apple used more suppliers . Note: Apple has not updated figures since 2020. 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. GCBD declined to answer questions about its Apple partnership. ", 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. I call China Apples second home. The country is a potentially lucrative market, making high-end products at low cost. !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. Apple has rebalanced its revenue weighting from products to products and services. 6 June 2011 - Online media storage system - iCloud - launched. dollars)." This presence has influenced different geographies in a distinct manner. 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. As of March 15, 2021, Microsoft's market cap was $1.8 trillion, which is approximately 87% of Apple's.. The success of the iPhone enabled Apple to launch new product categories, such as the iPad. please include a backlink to the respective infographic URL. Indias community is also known for its software aptitude. Apple Pay transaction volume for in-store purchases has increased rapidly over the past two years, going from $90 billion t0 $650 billion. Does Statista also create infographics in a customized design? 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. Apple operates 512 retail stores in 22 countries. 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.. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. They only indicate that Apple has made compromises that make it easier for the government to do so. Microsoft has an impressive market cap; however, it is not as large as Apple's. On Aug. 2, he approved it. According to the press release, the App . Amazon reported a 2020 net worth of $43.55 billion, trailing behind Apple's $65 billion. Its market capitalization, or market value, is calculated as the total number of outstanding shares of stock multiplied by its market price. But those R&D centers complicated Apples image as a California company. Cupertino, California Apple announced that starting today, even more customers around the world can enjoy many of Apples most popular Services. At a market cap of more than $2.1 trillion, Apple's market capitalization is larger than 96% of country GDPs, a list that includes Italy, Brazil, Canada, and Russia.. As Mr. Guthrie was delivering his warnings, Apple set about keeping the Chinese government happy. 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. Apple is known as the global leader in the tech industry, specifically for iPhones. Technically, Foxconn is the company's trade name; the firm's official name is Hon Hai . Below is the list of 10 most cited patents of Apple: Which Companies are using Apple Patents to Advance their Research? Market Realist is a registered trademark. Apple revenue increased dramatically in the 2020s, from $65 billion at the start of the decade to $274.5 billion by the end. 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. But he ultimately approved the plans to store customer data on Chinese servers and to aggressively censor apps, according to interviews with current and former Apple employees. Your IP: It launched Apple Watch in 2015, as an accessory to the iPhone which tracks various health and fitness metrics. In an initial agreement between Apple and Chinese officials, the location of the keys was left intentionally vague, one person said. In 2018, Apple became the first American company to exceed $1 trillion in market capitalization. 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. It operates. In 2022, 900 million iOS users subscribed to one or more apps on the platform, an increase of 20% on the previous year. 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. 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. 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. Under the new setup, Chinese authorities ask GCBD not Apple for Apple customers data, Apple said. The statement was deeply offensive to them, said Mr. Guthrie, who left Apple in 2019 to return to his home in Michigan. Apple also continues to support jobs in the innovative iOS app economy, which facilitated $138 billion of commerce in 2019 in the US alone. But just as Mr. Cook figured out how to make China work for Apple, China is making Apple work for the Chinese government. 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 is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. This produced one of the lowest operating margins among the segments at 33.2%. You get in the arena, because nothing ever changes from the sideline.. 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. Apple Inc. leads all public companies with a $2.08 trillion market cap. Trade tensions between the US and China has to be discussed more with US administration, as Apple is a contributor to the US economy. 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. the tech industry is showing some growth in Europe. 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. Here's everything you need to know about Apple Retail including COVID-19 status, new store openings, and the latest news. For a full list of Apple Media Services availability around the world, please visit. Indian sentiment thrives on budget spending. Jobs believed this had to involve a transformation in the customer relationship where purchasers were afforded more control over the presentation of the products. The entrance to Apples new data center, which the company hoped to complete next month. This website is using a security service to protect itself from online attacks. In line with the current White House administrations aim to make America great again, Apple is investing in domestic suppliers and manufacturing partners. These include white papers, government data, original reporting, and interviews with industry experts. Apple Music is the second largest music streaming service in the West, far behind Spotifys 150 million users. Apple has also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, Oregon. The margin. Congressional Research Service. Apples situation in China is looking dicey. We also reference original research from other reputable publishers where appropriate. Apple brings in $55 billion a year from the region, far more than any other American company makes in China. He turned the companys fortunes around, launching iTunes and iPod in 2001. But today, Apple is facing stagnation in its own market. Apple (AAPL) has officially reported its earnings for fiscal Q3 2021, covering the months of April, May, and June. Download the report to improve your performance. Apple pulled the app and began investigating. The accelerated commitment will fund a new North Carolina campus and job-creating investments in innovative fields like silicon engineering and 5G technology. U.S. federal government debt as of Sept. 30, 2020. The Americas segment includes North and South America. The past few product launches have been smaller in scope, like the HomePod and AirPod, and Apple fans are clamouring for the next iPhone. The rumor is that there could be a new iPhone 14 early next week. We have a deep sense of responsibility to give back to our country and the people who help make our success possible.. Sometimes, Mr. Shoemaker said, he was awakened in the middle of the night with demands from the Chinese government to remove an app. At the same time, we didnt want to get hauled up in front of the Senate to talk about why were quote censoring apps in China, he said. 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. 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.