Apple said that since 2017, it had taken down 70 news apps in response to Chinese government demands. The company has provided battery replacement options for longer device usage. Before his app even became available on iPhones, the Chinese government was trying to block it. Apple has rebalanced its revenue weighting from products to products and services. You need at least a Starter Account to use this feature. Please do not hesitate to contact me. "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. Apple plans to store the personal data of its Chinese customers there on computer servers run by a state-owned Chinese firm.CreditCNES/AIRBUS. Even though Apple has diversified its product line with Watch, AirPods and services, iPhone is still responsible for 52% of its revenue. This compensation may impact how and where listings appear. Raymond Zhong reported from Guiyang. 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. How many countries does Apple operate in? Its market capitalization, or market value, is calculated as the total number of outstanding shares of stock multiplied by its market price. 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. So were apps that allowed users to message privately, share documents and browse websites the Chinese government had blocked. Copyright please include a backlink to the respective infographic URL. Please create an employee account to be able to mark statistics as favorites. Apple's CEO Tim Cook is estimated to have a net worth of $1 billion. People waiting in line last year for the opening of a new Apple Store in Beijing. Under the new setup, Chinese authorities ask GCBD not Apple for Apple customers data, Apple said. U.S. federal government debt as of Sept. 30, 2020. Over that same period, from 2013 through June 2020, Apple said it turned over the contents of iCloud accounts to U.S. authorities in 10,781 separate cases. It also blocked tools for organizing pro-democracy protests and skirting internet restrictions, as well as apps about the Dalai Lama. People may receive compensation for some links to products and services on this website. Apple has tried to isolate the Chinese servers from the rest of its iCloud network, according to the documents. On March 23, 2020, Apple ( AAPL 2.44%) announced that it will expand its App Store to 20 other countries in April, taking the total count to 175 countries. were updated less than a year before leaving the Chinese iOS store) and have not returned as of March 11, 2021. Sending and receiving money with Apple Pay and the Apple Cash card are available only in the U.S. Western markets have very few first-time buyers, and the device upgrade cycle of Apples user base has stretched. While there have been iterations and new models, this core has remained popular across a broad spectrum of professional customers. Apple has also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, Oregon. The Statista "Chart of the Day", made available 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.. 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. It surpassed 50 million annual sales in 2022. 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. A resulting report said the app was published because the China hide process was not followed, according to court documents. Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment. proper attribution to Statista. The Chinese government regularly demands data from Chinese companies, often for law-enforcement investigations. Sources: Bloomberg, Statista. In August 2018, Apple Inc. (AAPL) became the world's first company to record a market capitalization of $1 trillion and roughly two years later, became the first publicly traded U.S. company to surpass $2 trillion. As of March 15, 2021, Apple's market cap increased to $2.08 trillion. To put that staggering $2 trillion figure in context, we present five other huge things that the giant technology company is bigger than or comparable to in terms of value. Copyright 2023 Market Realist. Apple encrypts customers private data in its iCloud service. 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. The . ", Congressional Budget Office. Originally known for desktop computers, Apple was one of the first companies to switch to the graphical user interface (GUI) and saw success with the first Macintosh. The offers that appear in this table are from partnerships from which Investopedia receives compensation. 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. 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.. China, including Hong and Macau, has the second highest number at 50 while the United Kingdom has the third highest amount at 38. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. already surveil their citizens in myriad other ways, what Mr. Cook suggested in a 2018 interview. These decisions are not always easy, and we may not agree with the laws that shape them, the company said. iPhone continues to be the main revenue generator, but its percentage has decreased in the past five years. Even though Apple Pay comes pre-installed on all iPhones, users can still choose to not set up the contactless payment solution. While still behind Google Assistant and Amazon Alexa, Siri is catching up. Only then can a strategy be outlined to penetrate the mainstream market. China Tops The Apple Production List . Yet thats an aspect of their new agreement MLS and Apple have seemed to almost purposefully ignore. !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 used more suppliers . Working in the interest of the nations future, Apple is supporting education in coding, technology, science, the arts, and math. The only exception is World War II, with an estimated cost of $4.1 trillion in 2011 dollars., Jeff Bezos is the worlds richest man according to Forbes magazine, which estimated his net worth to be $182.2billion as of March 15, 2021. The combined wealth of the top 10 on the Forbes list, including other well-known names such as Bill Gates and Warren Buffett, is estimated at $1.19 trillion, which is below Apple's market value. And competitors such as Samsung and OnePlus are threatening Apple in the premium smartphone category. 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. 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. However, the challenges for Apple in the country are not like those in others. 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 believes that gives it a legal shield from American law, according to a person who helped create the arrangement. You only have access to basic statistics. For Apple, China is not only a market with a strong iPhone user base but also the manufacturing hub of iPhones. Apple has become a cog in the censorship machine that presents a government-controlled version of the internet, said Nicholas Bequelin, Asia director for Amnesty International, the human rights group. The company has attempted to customize its tech for diverse usage across countries. U.S. law has long prohibited American companies from turning over data to Chinese law enforcement. 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. Apple saw double-digit year-on-year growth in iPhone revenue from 2008 to 2015, but revenues stagnated for the five years afterwards. Investopedia does not include all offers available in the marketplace. Apple hired Doug Guthrie in 2014 to help the company navigate China. The Chinese employees were angered, according to Mr. Guthrie and another person in the room. Jobs believed this had to involve a transformation in the customer relationship where purchasers were afforded more control over the presentation of the products. Mr. Guos media outlets have a history of peddling misinformation. 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. A tariff war is an economic battle between countries where they levy additional taxes on each other's exports. the tech industry is showing some growth in Europe. It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. The managers responded that the app criticized the Chinese government, Mr. Pham said in court documents, and that this was enough for rejection. Part of that effort was new research and development centers in China. Most of those apps have remained available in other countries. But the iCloud data in China is vulnerable to the Chinese government because Apple made a series of compromises to meet the authorities demands, according to dozens of pages of internal Apple documents on the planned design and security of the Chinese iCloud system, which were reviewed for The Times by an Apple engineer and four independent security researchers. 6 June 2011 - Online media storage system - iCloud - launched. 9 September 2014 - Company launches wearable watch device - Apple Watch. 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. We estimate AirPods is a $10 billion business on its own, with Apple Watch also potentially contributing between $14 billion to $18 billion a year. Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period. 2. Apple said it designed the iCloud security in such a way that only Apple has control of the encryption keys.. To equal Apple's market cap, one must combine the net worth of the world's top 24 billionaires.. daily and featuring the latest statistics from the media, It offers personal computers, portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Wearable, Home and Accessories quarterly revenue 2015 to 2023 ($bn) Interactive chart of Apple (AAPL) annual worldwide employee count from 2010 to 2022. Trade tensions between the US and China has to be discussed more with US administration, as Apple is a contributor to the US economy. Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The development gave Chinese smartphone maker Huawei the chance to make its move. 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. 1. Those companies are Foxconn and Pegatron, both of which are based in Taiwan. Apple plans to store the personal data of its Chinese customers there on computer servers run by a state-owned Chinese firm. and displayed without charge by all commercial and The US-China trade war has caught Apple in the crossfire. Use This Visualization. In fact, only seven countries in the world have a higher GDP than Apple's market cap. 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. The Apple iOS Shortcuts App it does what it says on the tin. 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. internet, telecommunications and consumer electronics "Federal Debt: Total Public Debt.". The ideal entry-level account for individual users. Are you interested in testing our business solutions? 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. It proactively censors its Chinese App Store, relying on software and employees to flag and block apps that Apple managers worry could run afoul of Chinese officials, according to interviews and court documents. The App Store, Apple Arcade, Apple Music, Apple Podcasts, and iCloud are now available to more customers around the world. In those three years, Apple's yearly sales grew from a little over $775,000 to $118 million. An extensive complex of apartments and town homes is being built across the street from Apples data center in Guiyang. The next iPad Pro may come with an OLED screen, and the latest report claims itll come with a big price increase. non-commercial websites. How many countries is Apple Music available in? In 2019 the average U.S. per person consumption of all forms of apples had increased to about 26.3 pounds. Apple Inc. All rights reserved. The components manufactured by those companies all around the world are ultimately sent to just two companies to assemble into iPods, iPhones, and iPads. Indian sentiment thrives on budget spending. There was little sign of its purpose, apart from the flags of Apple and China flying out front, side by side. 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. 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. This business model only really fits and works in China, Mr. Guthrie said in an interview. International COVID-19 Stimulus and Relief, Biden to Seek New Taxes on Billionaires, Share Buybacks in Annual Address, National Debt: Definition, Impact, Key Drivers, Current U.S. Debt. You need a Statista Account for unlimited access. Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. Since then, Apple has struggled to entice new customers and iPad owners typically hold onto their device for more than three years. Or do you stand on the sideline and yell at how things should be? he said at a conference in China in 2017. In fiscal 2019, Apple generated $43.7 billion in revenue from China, or 16.7% of its total revenue. Therefore, all Apple had to do was understand the market before it could start churning out profits. 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. As of March 15, 2021, Microsoft's market cap was $1.8 trillion, which is approximately 87% of Apple's.. Apple Inc. continues to be one of the most profitable companies today. Some analysts see it as the most important segment of the company, potentially reaching $50 billion in profit by 2025. This app and any Guo Wengui app cannot be on the China store, he wrote, according to the emails filed in the court case. 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. Discover the current debt ceiling and its economic impact. 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. 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. Apple brings in $55 billion a year from the region, far more than any other American company makes in China. The UK comes third for Apple Stores with 38. An increasingly important part of Apple, as it continues to add more subscriptions and services to its iOS platform. Apple broke two records by becoming the first company to record both a $1 trillion and $2 trillion market cap. President Xi Jinping of China, lower left, greeting Apples chief executive, Tim Cook, in 2015. Sales have steadily fallen in China since 2015, although it received a slight bump in 2021. Apple is also making industry-leading investments in new clean energy projects and green technology in the US and around the world. Apple will have to shape its product and pricing strategy so that it can penetrate the budget-oriented Indian smartphone market. We also reference original research from other reputable publishers where appropriate. 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. Mr. Cook approved the decision, according to two people with knowledge of the matter who spoke on the condition of anonymity. Tim Cook might have to consider shifting iPhone assembly to other Asian nations, such as Taiwan or Malaysia. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. 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. Guo Wengui, an exiled critic of Chinas government, in 2017. In an initial agreement between Apple and Chinese officials, the location of the keys was left intentionally vague, one person said. Apple was the leading smartwatch vendo r, claiming 52.5% of the global smartwatch market share as of 2021. As a subscriber, you have 10 gift articles to give each month. Apple is still contending with a $14 billion unpaid tax charge. Use is, however, only permitted with Apple also planned to use low-cost hardware originally designed for the Apple TV. 2023 Apple invested $6 billion into TV+ in 2019, a huge gamble in a market with Netflix, Amazon and Disney all competing for eyeballs. In some countries and regions, Business Chat will become available to . It has considered relocating its production facilities. Apple total number of employees in 2021 was 154,000, a 4.76% increase from 2020. Trillionaire Definition: How Much Money Is That and Who Will Be First? This chart shows the total number of Apple Stores worldwide as of May 14, 2021. But China would not approve the use of the Thales devices, according to two employees. Three weeks later, Trystan Kosmynka, Apples app review chief, sent an email to several managers at 2:32 a.m. Apple has utilized different regions universal selling points in its favor, creating a win-win situation for itself and each region. 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. [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. Apps that mapped users runs, edited selfies or taught sexual positions were removed. Next week marks 20 years of the Apple Store. 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. The Apple data center in Guiyang as seen in a satellite image. 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. Chinese law requires the companies to comply. 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. Most importantly, Chinas digital infrastructure is already in place, much like the Wests. Opinions expressed by Forbes Contributors are their own. The rethink resulted in Apple launching its online store in 1997 while the first two physical retail stores opened in Tysons, Virginia and Glendale, California on May 19, 2001. Cloudflare Ray ID: 7a2c58c3ccac82f6 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. Andy Leaver (@AndyLeaver) February 1, 2017 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 abandoned the encryption technology it used elsewhere after China would not allow it. 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. 10 Best Apple Patents US6323846B1 is the most popular patent in the Apple portfolio. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. 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. The iPhone's Assemblers. Apple is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. Apples new data center in the Inner Mongolia region of China. 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. 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, he realized, had no Plan B. But eight months later, the encryption keys were headed to China. Its history is phenomenal, and the lengths to which Apple has gone to upgrade its tech are revolutionary. October 27, 2022. "Costs of Major U.S. Wars," Pages 4 and 5. A total of 5.3 million Mac computers were sold during Q4 2018. This is not the case for Apple, which has improved sales almost every year since 2009. That led to a project known inside Apple as Golden Gate.. Then you can access your favorite statistics via the star in the header. The consumption of fresh market apples in 2019 accounted for 10 pounds (ERS, 2021). Chinese officials say their cybersecurity law is intended to protect Chinese residents data from foreign governments. Other companies faced a similar dilemma in China, but Apple was uniquely exposed because of its high profile and acute dependence on the country. 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.Compared to the U.S., the world . Last month Apple began streaming MLS games and next month Apple will begin their second season of streaming MLB games. These services are provided by Green Dot Bank, member FDIC. The Combined Net Worth of the World's 18 Richest People. 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. They only indicate that Apple has made compromises that make it easier for the government to do so. 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. The latest news and updates, direct from Apple. world relating to economic and political issues as well as Apple will also establish a $100 million fund to support schools and community initiatives in the greater Raleigh-Durham area and across the state, and will be contributing over $110 million in infrastructure spending to the 80 North Carolina counties with the greatest need funds that will go toward broadband, roads and bridges, and public schools.