All values as of most recently reported quarter unless otherwise noted. 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. Key takeaways: Apple is the world's most valuable brand, worth $263.4 billion as of 2021. It was a difficult environment considering the success cheaper Windows-based platforms were enjoying at that time. 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. In the US and Europe, Apple has reached a saturation point. Apple still appears to provide far more data to U.S. law enforcement. 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. A company's net worth is calculated as its assets minus liabilities. This website is using a security service to protect itself from online attacks. In an initial agreement between Apple and Chinese officials, the location of the keys was left intentionally vague, one person said. Apple Music is available in 167 countries What platforms does Apple Music support? More than 35,000 of those apps were games, which in China must get approval from regulators. While still behind Google Assistant and Amazon Alexa, Siri is catching up. The discrepancy between Apples disclosures and the Times analysis is in part because Apple is removing apps before Chinas internet censors even complain. GUIYANG, China On the outskirts of this city in a poor, mountainous province in southwestern China, men in hard hats recently put the finishing touches on a white building a quarter-mile long with few windows and a tall surrounding wall. Whereas the tech industry is showing some growth in Europe while its traditional industries are sluggish, the EUs stringent policies are limiting the tech industrys growth. The iPhone saw Apple ascend to one of the most valuable companies in the world, with revenue increasing from $37.4 billion in 2008 to $65 billion in 2010. "The World's Real-Time Billionaires List. Please note that the code must be integrated into the HTML code (not only the text) for WordPress pages and other CMS sites. 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.. Apple recently began disclosing how often governments demand that it remove apps. Europe and Greater. [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. !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. "Costs of Major U.S. Wars," Pages 4 and 5. 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. In public appearances, he has said that while he often disagrees with Chinas laws, the world is better off with Apple in China. The development gave Chinese smartphone maker Huawei the chance to make its move. For Apple, China is not only a market with a strong iPhone user base but also the manufacturing hub of iPhones. Even though Apple has diversified its product line with Watch, AirPods and services, iPhone is still responsible for 52% of its revenue. By signing up you agree to our privacy policy. Today, the App Store supports more than 2.1 million US jobs across all 50 states. Apple is one of the most influential and recognisable brands in the world, responsible for the rise of the smartphone with the iPhone. China, the USA and Poland are the top three countries in the production of apple . 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. Cupertino, California Apple today announced an . 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. Even though Apple Pay comes pre-installed on all iPhones, users can still choose to not set up the contactless payment solution. The iPhone's Assemblers. please include a backlink to the respective infographic URL. Those events and the chain reaction they set off inside Apple were laid out in court documents last week in a wrongful-termination case against the company. 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. Apple disputed those figures, saying that some developers remove their own apps from China. 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. Below is the list of 10 most cited patents of Apple: Which Companies are using Apple Patents to Advance their Research? This presence has influenced different geographies in a distinct manner. Even though Apple device sales have stagnated in the past few years, it has added more active iPhone users every year. Use Forbes logos and quotes in your marketing. EPS and Revenue estimates are for the next 12 months. That surprised at least two Apple executives who worked on the initial negotiations and who said the move could jeopardize customers data. Apple does not break out its other categories, making it difficult to determine how much revenue each product is generating. Twenty years later, Apple now has 510 stores across 25 countries and territories. For individual content and infographics in your Corporate Design, 28 May 2014 - Apple announces the purchase of Beats for around US$ 3 Billion. Note: Apple stopped reporting Mac sales in Q4 2018. 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. If you are an admin, please authenticate by logging in again. You can opt out anytime. Quarterly smartphone market share worldwide by vendor 2009-2022, Market share of mobile operating systems worldwide 2009-2022. 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. Apple is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. As iPhone revenues have stagnated, Apple has looked for new ways to generate revenue from the iPhone. Americas is responsible for 43% of all revenue generation and approximately 40% of that is from the United States alone. 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. Trieu Pham, an app reviewer in Cupertino, was assigned the app. YouTube, Apple, podcasting, Twitch | 10K views, 450 likes, 143 loves, 543 comments, 176 shares, Facebook Watch Videos from Congressman Matt Gaetz:. Apple total number of employees in 2022 was 164,000, a 6.49% increase from 2021. 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. 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. Apple said it removed Mr. Guos app in China because it had determined it was illegal there. Keith Bradsher contributed reporting from Guiyang. 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. 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. sports and entertainment. Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. On Feb. 4, 2018, shortly after the Chinese authorities demanded that Mr. Guos app be rejected, an Apple manager emailed a colleague with a question: Did Mr. Guo belong on Apples China sensitivities list, along with the likes of Falun Gong the Chinese spiritual movement and the Dalai Lama? Apple is known as the global leader in the tech industry, specifically for iPhones. Last month Apple began streaming MLS games and next month Apple will begin their second season of streaming MLB games. ", Yahoo Finance. Sources: Above Avalon, Apple, BMO Capital Markets. 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. It is unclear what led to the change. 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. Apple resisted an order from the Chinese government in 2012 to remove The Timess apps. Forbes. These services are provided by Green Dot Bank, member FDIC. Raymond Zhong reported from Guiyang. to incorporate the statistic into your presentation at any time. Microsoft has an impressive market cap; however, it is not as large as Apple's. The Apple iPad Pro and Apple iPad Air stand atop Apple's tablet lineup. The UK comes third for Apple Stores with 38. Amazon reported a 2020 net worth of $43.55 billion, trailing behind Apple's $65 billion. We agreed to this timeline three years ago, said one slide. ", Forbes. China, including Hong and Macau, has the second highest number at 50 while the United Kingdom has the third highest amount at 38. Meanwhile, Apple held just 1.2% of the market share in 2018, according to The Economic Times. The Chinese employees were angered, according to Mr. Guthrie and another person in the room. So Mr. Cook agreed to move the personal data of his Chinese customers to the servers of a Chinese state-owned company. 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. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. Apple recently required its Chinese customers to accept new iCloud terms and conditions that list GCBD as the service provider and Apple as an additional party. Apple told customers the change was to improve iCloud services in China mainland and comply with Chinese regulations., The terms and conditions included a new provision that does not appear in other countries: Apple and GCBD will have access to all data that you store on this service and can share that data between each other under applicable law.. 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. Like China, it has more than one billion potential users. The remaining 20,000 cut across a wide range of categories. But Apple said that the documents included outdated information and that its Chinese data centers feature our very latest and most sophisticated protections, which would eventually be used in other countries. It was bad news for Apple, which had staked its reputation on keeping customers data safe. Apples China team warned Mr. Cook that China could shut down iCloud in the country if it did not comply with the new cybersecurity law. Which Company Is Richer, Microsoft or Apple? For a time, simply typing the word Taiwan could make an iPhone crash, according to Patrick Wardle, a former hacker at the National Security Agency. Latest Company & Industry Overviews News and Updates. The US-China trade war has caught Apple in the crossfire. Yet thats an aspect of their new agreement MLS and Apple have seemed to almost purposefully ignore. However, it has yet to reach Apple's $2 trillion market cap milestone. Apple Services now available in more countries around the world. Furthermore, Apple has grown to be an organization of national interest. The Apple data center in Guiyang as seen in a satellite image. The documents also show that Apple is using different encryption technology in China than elsewhere in the world, contradicting what Mr. Cook suggested in a 2018 interview. Gross Domestic Product (GDP): Formula and How to Use It, Billionaire: Definition, Examples, vs. Millionaire, U.S. Debt Ceiling: Definition, History, Pros, Cons, Clashes. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. Since it launched in 2015, Apple Watch has led the smartwatch market with over 50% market share. 2023 Forbes Media LLC. Indian smartphone and laptop users generally avoid paid entertainment services. Note: 2021 is a projection. Most of those apps have remained available in other countries. 2. This statistic is not included in your account. It has also introduced free software, Swift, to teach coding. An extensive complex of apartments and town homes is being built across the street from Apples data center in Guiyang. Business Solutions including all features. 208.97.171.40 Thu 3 Jun 2021 00.54 EDT Last modified on Thu 3 Jun 2021 01.53 EDT. As a subscriber, you have 10 gift articles to give each month. 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 service can back up everything stored on an iPhone or Mac computer, and can reveal the current location of a users Apple devices. 2023 Apple Podcastsis the best place to browse and listen to the worlds largest catalog of podcasts. According to Apples 2018 press release, the company contributed nearly $55 billion to the US economy and estimates it will contribute $350 billion more in the next five years. The company has provided battery replacement options for longer device usage. A bigger chunk of the tech-using population relies on free third-party services. By 2004, Apple's new retail model raked in $1 billion in sales. Chart. Sometimes, Mr. Shoemaker said, he was awakened in the middle of the night with demands from the Chinese government to remove an app. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Apple now boasts a global empire of more than 500 physical stores with 271 in the U.S. alone, according to a listing of establishments on the Apple website. Most of that data for Chinese customers was stored on servers outside China. Apple iPhone 14: New Leak Claims A Surprise iPhone To Land In Days, Apple Loop: Disappointing iPhone 15 Pro News, Apples Expensive Battery Option, iPhone SE Returns. 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. All eyes are on Apples next products, which may include a virtual reality headset and self-driving car. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. More than 600 news apps also disappeared. Apple wanted to keep them in the United States; the Chinese officials wanted them in China. Most importantly, Chinas digital infrastructure is already in place, much like the Wests. 20 years on from the first Apple Stores opening their doors, the concept has come a long way. 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 . iPad sales peaked in 2013, with the launch of the iPad Mini enticing 97 million customers. 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. *Click below to enlarge (charted byStatista), Total number of Apple Stores worldwide as of May 14, 2021, This is a BETA experience. Since then, Apple has struggled to entice new customers and iPad owners typically hold onto their device for more than three years. 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. 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. 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. Even though the PC market saw higher sales in 2020, for the past decade it has been in gradual decline. 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. 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. 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. 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. As Mr. Guthrie was delivering his warnings, Apple set about keeping the Chinese government happy. Anyone can read what you share. The company has also helped China spread its view of the world. The documents, from early 2020, indicated that Apple had planned to base the new devices on an older version of iOS, the software underpinning iPhones, which is among the most targeted systems by hackers. In second place were Asian exporters at 25.3% while another 12.6% of international apple sales originated from North America. Next week marks 20 years of the Apple Store. and displayed without charge by all commercial and 2023 Mr. Cook approved the decision, according to two people with knowledge of the matter who spoke on the condition of anonymity. 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.. In a last ditch effort to save the company, Apple acquired Jobs company NeXT and installed him as advisor and then CEO. 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. Before his app even became available on iPhones, the Chinese government was trying to block it. The managers responded that the app criticized the Chinese government, Mr. Pham said in court documents, and that this was enough for rejection. "He also shut down 10 of the 19 Apple warehouses to limit overstocking." The US-banned company launched budget smartphones locally and won 42% of Chinas smartphone market in Q3 2019, according to Canalys data. The success of the iPhone enabled Apple to launch new product categories, such as the iPad. This chart shows the total number of Apple Stores worldwide as of May 14, 2021. Please do not hesitate to contact me. Register in seconds and access exclusive features. Then Vice President for Worldwide Operations, Tim Cook, joined Apple in 1998 and the two men laid out plans to transform the company's retail program. Or do you stand on the sideline and yell at how things should be? he said at a conference in China in 2017. 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. Corning is among the companies that have received awards from Apples Advanced Manufacturing Fund, designed to foster innovation and growth in the sector. 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. It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. The security experts said that arrangement alone represented a threat that no engineer could solve. China Tops The Apple Production List . Performance & security by Cloudflare. According to the companys 2019 SEC filing, the country alone accounts for 45% of Apples revenue. Apple has tried to expand its chain of contracted manufacturers to other Asian countries such as . In 2022, 900 million iOS users subscribed to one or more apps on the platform, an increase of 20% on the previous year. 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). The country has more than one billion potential users plus a cost-effective product manufacturing arena. He turned the companys fortunes around, launching iTunes and iPod in 2001. It operates. In line with the current White House. internet, telecommunications and consumer electronics 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. In 2018, Apple became the first American company to exceed $1 trillion in market capitalization. His latest effort was an iPhone app in China that delivered those claims. While some analysts predicted failure for the new store, they enjoyed a lucrative opening weekend, taking in $599,000. 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. But eight months later, the encryption keys were headed to China. A total of 5.3 million Mac computers were sold during Q4 2018. already surveil their citizens in myriad other ways, what Mr. Cook suggested in a 2018 interview. Cupertino, California Apple announced that starting today, even more customers around the world can enjoy many of Apples most popular Services. How many countries is Apple Music available in? In China, Apple has ceded legal ownership of its customers data to Guizhou-Cloud Big Data, or GCBD, a company owned by the government of Guizhou Province, whose capital is Guiyang. In 2018, the Americas had an operating profit of $26.2 billion, contributing 42% to Apple's total profit. 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. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. When publishing one of these graphics, But five years later, it ultimately did. non-commercial websites. Were creating jobs in cutting-edge fields from 5G to silicon engineering to artificial intelligence investing in the next generation of innovative new businesses, and in all our work, building toward a greener and more equitable future.. Apples situation in China is looking dicey. October 27, 2022. Apple is one of the biggest job creators in the US. Chinese officials say their cybersecurity law is intended to protect Chinese residents data from foreign governments. To use individual functions (e.g., mark statistics as favourites, set Chinese law requires the companies to comply. A tariff war is an economic battle between countries where they levy additional taxes on each other's exports. This compensation may impact how and where listings appear. There will be immense pressure to get it done. The margin. Documents reviewed by The Times do not show that the Chinese government has gained access to the data. These decisions are not always easy, and we may not agree with the laws that shape them, the company said. Download the report to improve your performance. CNBC. The conglomerate increased its funding from $1 billion to $5 billion to support innovation among American manufacturers. 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. Apple does not disclose such takedowns in its statistics. Part of that effort was new research and development centers in China. But today, Apple is facing stagnation in its own market. In 2020, it surpassed another milestone, becoming the first company to record a market value of $2 trillion. As a Premium user you get access to background information and details about the release of this statistic. Apple total number of employees in 2020 was 147,000, a 7.3% increase from 2019. Access to this and all other statistics on 80,000 topics from, Show sources information To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017. But those R&D centers complicated Apples image as a California company. 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.