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Apple was the leading smartwatch vendo r, claiming 52.5% of the global smartwatch market share as of 2021. and displayed without charge by all commercial and While some analysts predicted failure for the new store, they enjoyed a lucrative opening weekend, taking in $599,000. Apple failed in this segment, too, unlike peers Google and Microsoft. You can only download this statistic as a Premium user. Use Forbes logos and quotes in your marketing. 2023 Censorship, Surveillance and Profits: A Hard Bargain for Apple in China, https://www.nytimes.com/2021/05/17/technology/apple-china-censorship-data.html. 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. Of these, 216, or 97.3%, generate less than $2.08 trillion in annual GDP.. In 2018, Apple became the first American company to exceed $1 trillion in market capitalization. Apple recently began disclosing how often governments demand that it remove apps. 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." 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. Number of apps that disappeared from the iOS App Store in China by month through February 2021. 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. 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. CNBC. A budget deficit occurs when expenditures exceed revenue and is the term commonly used to refer to government spending and national debt. 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. Apple encrypts customers private data in its iCloud service. Apple's CEO Tim Cook is estimated to have a net worth of $1 billion. non-commercial websites. [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. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 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. iCloud needs influential friends in China.. Based on data from that report, Apples market cap exceeds the inflation-adjusted costs to the U.S. ofWorld War I, theVietnam War, and the Iraq War, among others. 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 Services now available in more countries around the world. Apple is one of the most influential and recognisable brands in the world, responsible for the rise of the smartphone with the iPhone. They only indicate that Apple has made compromises that make it easier for the government to do so. As a subscriber, you have 10 gift articles to give each month. 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.. Apples new data center in the Inner Mongolia region of China. In fact, only seven countries in the world have a higher GDP than Apple's market cap. Chart. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. However, Apple is currently going through tough times in its second home. October 16, 2014 11:32 AM EDT. Working in the interest of the nations future, Apple is supporting education in coding, technology, science, the arts, and math. Apple shipped over 228 million iPhones in 2021. Jobs believed this required a transformation in the relationship with the customer who should be afforded more control over the presentation of the products. Americas is responsible for 43% of all revenue generation and approximately 40% of that is from the United States alone. 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. "Monthly Budget Review: Summary for Fiscal Year 2020. The company's revenue jumped from $8 billion in 2014 to over $265 billion in 2018. 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 . 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. The UK comes third for Apple Stores with 38. Hotly anticipated after the success of the iPhone, the iPad made an immediate mark, adding $19 billion to Apples revenue in the first year. Apple Music offers more than 60 million songsandlocally curated playlists including Africa Now, Afrobeats Hits, and more. Use This Visualization. Wow - Apple's $246B cash hoard is more than the GDP of Finland ($239B), Chile ($234B), Bangladesh ($226B) and 145 other countries. All values afterwards are estimates. 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. Chinese intelligence has physical control over your hardware thats basically a threat level you cant let it get to, said Matthew D. Green, a cryptography professor at Johns Hopkins University. Related by Industry: Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment, Located in San Jose-Sunnyvale-Santa Clara, CA Metropolitan Area. Indias community is also known for its software aptitude. Cupertino, California Apple announced that starting today, even more customers around the world can enjoy many of Apple's most popular Services. Its market capitalization, or market value, is calculated as the total number of outstanding shares of stock multiplied by its market price. Similar steps were taken in places like Saudi Arabia and Russia, he said. "Revenue of Apple by Geographical Region from The First Quarter of 2012 to 4th Quarter 2022 (in Billion U.S. Apple invested $6 billion into TV+ in 2019, a huge gamble in a market with Netflix, Amazon and Disney all competing for eyeballs. Forbes. You need a Statista Account for unlimited access. Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment. Apple iPad Pro Vs. Apple iPad Air: Which Should You Choose? In 2020, it surpassed another milestone, becoming the first company to record a market value of $2 trillion. Instead of laying off full-time permanent employees, Apple has begun letting go of contractors. Apple has tried to expand its chain of contracted manufacturers to other Asian countries such as . To make this many devices requires an incredibly complex and far-reaching supply chain. The company has attempted to customize its tech for diverse usage across countries. ", Forbes. Apple plans to store the personal data of its Chinese customers there on computer servers run by a state-owned Chinese firm. And the digital keys that unlock information on those computers are stored in the data centers theyre meant to secure. Apple said it removed Mr. Guos app in China because it had determined it was illegal there. 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. 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. The next iPhone didnt include the phrase. Overview Apple is a company that designs, manufactures, and markets mobile communication and media devices. 2023 In public appearances, he has said that while he often disagrees with Chinas laws, the world is better off with Apple in China. world relating to economic and political issues as well as "Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. E-commerce and tech giant Amazon joined the $1 trillion club in September 2018, one month after Apple. Read on as we dissect how these devices compare. on two sectors: "Media and Technology", updated industries; and "Economy and Society", which In those three years, Apple's yearly sales grew from a little over $775,000 to $118 million. Despite the pressures of the pandemic, healthcare institutions dominate the America's Best Large Employers 2023 list. But today, Apple is facing stagnation in its own market. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Apple still appears to provide far more data to U.S. law enforcement. ", Yahoo Finance. It launched Apple Watch in 2015, as an accessory to the iPhone which tracks various health and fitness metrics. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. 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. Gross Domestic Product (GDP): Formula and How to Use It, Billionaire: Definition, Examples, vs. Millionaire, U.S. Debt Ceiling: Definition, History, Pros, Cons, Clashes. As iPhone revenues have stagnated, Apple has looked for new ways to generate revenue from the iPhone. Apple used more suppliers . Its success has inspired competitors such as Samsung, Xiaomi and Huawei to pursue a similar strategy and open their own physical retail stores. When up and running, Apples investments are expected to generate over $1.5 billion in economic benefits annually for North Carolina. The Statista "Chart of the Day" currently focuses Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Apple revenue increased dramatically in the 2020s, from $65 billion at the start of the decade to $274.5 billion by the end. In addition, users have access to world-class music experts, tastemakers, and artist-led programs from globally celebrated creators including Virgil Abloh, Billie Eilish, Elton John, Pharrell, and more. Currently, you are using a shared account. This chart shows the total number of Apple Stores worldwide as of May 14, 2021. If the products were designed in California, they shouted, then what were they doing in China? Apple said it fired Mr. Pham because of poor performance. Opinions expressed by Forbes Contributors are their own. All other regions have been steady in terms of sales. 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. Now it has to answer to the Chinese government. 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. One can imagine what record it will break next. We agreed to this timeline three years ago, said one slide. Interactive chart of Apple (AAPL) annual worldwide employee count from 2010 to 2022. Sending and receiving money with Apple Pay and the Apple Cash card are available only in the U.S. 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. The ideal entry-level account for individual users. It surpassed 50 million annual sales in 2022. Since then, Apple has struggled to entice new customers and iPad owners typically hold onto their device for more than three years. Tim Cook might have to consider shifting iPhone assembly to other Asian nations, such as Taiwan or Malaysia. 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. People may receive compensation for some links to products and services on this website. Cost of WWI, the Vietnam War, and the Iraq War, 5. Construction for Apples $1 billion Austin campus is underway, with employees expected to start moving into the space next year. The App Store, Apple Arcade, Apple Music, Apple Podcasts and iCloud are now available in the following countries and regions: Apple Music is also expanding to the following countries and regions: Apple Arcadeis a groundbreaking game subscription service within the App Store,adding new games every month from some of the worlds most visionary game developers. A paid subscription is required for full access. The documents showed that Apples deadline to start storing data in the new Chinese data centers was June 2021. Apple has utilized different regions universal selling points in its favor, creating a win-win situation for itself and each region. Therefore, all Apple had to do was understand the market before it could start churning out profits. 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. Six months later, Mr. Guo submitted his app again, with changes to elude Apples software. And I do feel great about the growth rate.. Most of that data for Chinese customers was stored on servers outside China. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. Apple is the largest taxpayer in the US and has paid almost $45 billion in domestic corporate income taxes over the past five years alone. To date, nearly 60 of Apples US sites are LEED certified. You can opt out anytime. 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. Please create an employee account to be able to mark statistics as favorites. All Rights Reserved. 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. Your IP: The accelerated commitment will fund a new North Carolina campus and job-creating investments in innovative fields like silicon engineering and 5G technology. If Apple's market capitalization was equal to a country's annual GDP, it might just be in the G7. Congressional Research Service. !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. In November 2016, China approved a law requiring that all personal information and important data that is collected in China be kept in China. Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. [Online]. Trieu Pham, an app reviewer in Cupertino, was assigned the app. 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. Statista. For a full list of Apple Media Services availability around the world, please visit. 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.. Use Ask Statista Research Service. In 2019 the average U.S. per person consumption of all forms of apples had increased to about 26.3 pounds. Apple saw an impressive 57% increase in iPad sales in 2020. The latest news and updates, direct from Apple. 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. A bigger chunk of the tech-using population relies on free third-party services. Please note that the code must be integrated into the HTML code (not only the text) for WordPress pages and other CMS sites. The company has provided battery replacement options for longer device usage. 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. Apple envisioned the tablet as a bridge between the smartphone and laptop, with the capabilities to be both. Learn more about how Statista can support your business. Market Realist is a registered trademark. After Chinese employees complained, it even dropped the Designed by Apple in California slogan from the backs of iPhones. Technically, Foxconn is the company's trade name; the firm's official name is Hon Hai . 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. A Times analysis found that tens of thousands of apps have disappeared from Apples Chinese App Store over the past several years, more than previously known, including foreign news outlets, gay dating services and encrypted messaging apps. Trade tensions between the US and China has to be discussed more with US administration, as Apple is a contributor to the US economy. Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. The margin. There will be immense pressure to get it done. Performance & security by Cloudflare. to incorporate the statistic into your presentation at any time. More than 600 news apps also disappeared. This is approximately 13 times greater than Apple's market cap. Indian sentiment thrives on budget spending. Apple Pay transaction volume for in-store purchases has increased rapidly over the past two years, going from $90 billion t0 $650 billion. It operates. India is still uncharted territory for Apple. 208.97.171.40 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. Raymond Zhong reported from Guiyang. Apple is one of the biggest job creators in the US. 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. Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. dollars) [Graph]. Apple is back on the iPhone SE train and is preparing the next-generation of the budget iOS smartphone for 2024, but it will not be a perfect iPhone.