President Xi Jinping of China, lower left, greeting Apples chief executive, Tim Cook, in 2015. Here's a more recent look at the company's financial performance. Apple works with suppliers in 43 countries and six continents to make its products, and the chain gets even . Interactive chart of Apple (AAPL) annual worldwide employee count from 2010 to 2022. 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 has received 4018 citations so far from companies like HTC, Microsoft, Huawei, and Motorola. 6 June 2011 - Online media storage system - iCloud - launched. Or do you stand on the sideline and yell at how things should be? he said at a conference in China in 2017. This is not the case for Apple, which has improved sales almost every year since 2009. A bigger chunk of the tech-using population relies on free third-party services. With nearly 110,000 tech workers downsized in 2023, Apple employees have been spared the ax. Guo Wengui, an exiled critic of Chinas government, in 2017. Only then can a strategy be outlined to penetrate the mainstream market. He didnt find anything that violated Apples rules. Some analysts see it as the most important segment of the company, potentially reaching $50 billion in profit by 2025. Andy Leaver (@AndyLeaver) February 1, 2017 The per person consumption of apple juice and cider decreased to 12.6 pounds. You can opt out anytime. Its history is phenomenal, and the lengths to which Apple has gone to upgrade its tech are revolutionary. 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 is also making industry-leading investments in new clean energy projects and green technology in the US and around the world. All values afterwards are estimates. Despite where it's headed, it maintains its position at the top. Trillionaire Definition: How Much Money Is That and Who Will Be First? Mr. Guthrie delivered his warning to Mr. Cooks top deputies, including Phil Schiller, a longtime marketing chief; Eddy Cue, head of internet software and services; Lisa Jackson, the companys government affairs chief; and Jeff Williams, its operations chief, who is widely viewed as Mr. Cooks right-hand man. Register in seconds and access exclusive features. Apple is one of the biggest job creators in the US. Cue and Mr. Schiller. This chart shows the total number of Apple Stores worldwide as of May 14, 2021. 2. ", 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. U.S. federal government debt as of Sept. 30, 2020. Apps that mapped users runs, edited selfies or taught sexual positions were removed. In 2019 the average U.S. per person consumption of all forms of apples had increased to about 26.3 pounds. After Chinese employees complained, it even dropped the Designed by Apple in California slogan from the backs of iPhones. Mr. Shoemaker said he and his team rationalized removing apps by framing them as simply enforcing a countrys laws. The Apple iPad Pro and Apple iPad Air stand atop Apple's tablet lineup. Learn more about how Statista can support your business. Apple envisioned the tablet as a bridge between the smartphone and laptop, with the capabilities to be both. Cloudflare Ray ID: 7a2c58c3ccac82f6 Three weeks later, Trystan Kosmynka, Apples app review chief, sent an email to several managers at 2:32 a.m. Anyone can read what you share. 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. daily and featuring the latest statistics from the media, Apple. 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. ", Federal Reserve Bank of St. Louis. When up and running, Apples investments are expected to generate over $1.5 billion in economic benefits annually for North Carolina. Then you can access your favorite statistics via the star in the header. Apple pulled the app and began investigating. This website is using a security service to protect itself from online attacks. Yet a Times analysis of Chinese app data suggests those disclosures represent a fraction of the apps that Apple has blocked in China. 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. Apple is still contending with a $14 billion unpaid tax charge. Apple broke two records by becoming the first company to record both a $1 trillion and $2 trillion market cap. But then youre married to China.. This app and any Guo Wengui app cannot be on the China store, he wrote, according to the emails filed in the court case. Indias community is also known for its software aptitude. 2023 Forbes Media LLC. What were panned by many as pricey accessories have become mainstream, with almost every phone manufacturer offering their own hearable to compete with Apple. The latest news and updates, direct from Apple. 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. Tim Cook, Apples chief executive, has said the data is safe. 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? But our priority remains creating the best user experience without violating the rules we are obligated to follow.. Its net worth as of 2020 was an impressive $65 billion. Thu 3 Jun 2021 00.54 EDT Last modified on Thu 3 Jun 2021 01.53 EDT. They offer an extensive inside look many aspects of which have never been reported before at how Apple has given in to escalating demands from the Chinese authorities. Next week marks 20 years of the Apple Store. It was unclear how the officials knew about it. "Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. 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. It was a tightrope we had to walk.. Market Realist is a registered trademark. In May 2016, Fortune, citing Morgan Stanley, reported, With per capita income of $1,570 as of 2014 and the average smartphone selling for less than $90, a third of the global average, Indias market growth is predominantly led by cheaper phones. An increasingly important part of Apple, as it continues to add more subscriptions and services to its iOS platform. Since then, Apple has struggled to entice new customers and iPad owners typically hold onto their device for more than three years. Inside, Apple was preparing to store the personal data of its Chinese customers on computer servers run by a state-owned Chinese firm. Six months later, Apple fired Mr. Pham. Wow - Apple's $246B cash hoard is more than the GDP of Finland ($239B), Chile ($234B), Bangladesh ($226B) and 145 other countries. As a Premium user you get access to background information and details about the release of this statistic. However, we know Watch, AirPods and Beats are the three key products in this segment. Feel free to contact us anytime using our contact form or visit our FAQ page. It said that Mr. Pham, the app reviewer, should have sent the app to Apples Chinese language specialists, who had been trained on which topics to block in the Chinese App Store, including Mr. Guo. ", TradingHours.com. already surveil their citizens in myriad other ways, what Mr. Cook suggested in a 2018 interview. 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.. 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. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. A tariff war is an economic battle between countries where they levy additional taxes on each other's exports. Apple is one of the most produced fruits in the world. It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. Note: Includes apps that were active at their time of removal (i.e. Which Company Is Richer, Microsoft or Apple? "He also shut down 10 of the 19 Apple warehouses to limit overstocking." Apple Podcastsis the best place to browse and listen to the worlds largest catalog of podcasts. India is still uncharted territory for Apple. Note: Apple stopped reporting iPad sales in Q4 2018. There was little sign of its purpose, apart from the flags of Apple and China flying out front, side by side. More than 35,000 of those apps were games, which in China must get approval from regulators. The Apple data center in Guiyang as seen in a satellite image. The discrepancy between Apples disclosures and the Times analysis is in part because Apple is removing apps before Chinas internet censors even complain. If you are an admin, please authenticate by logging in again. Investopedia does not include all offers available in the marketplace. I call China Apples second home. The country is a potentially lucrative market, making high-end products at low cost. 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.. 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. 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. You can learn more about the standards we follow in producing accurate, unbiased content in our. Most of that data for Chinese customers was stored on servers outside China. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: When Steve Jobs returned to Apple as interim CEO in 1997, the company relied on PC and electronics stores for the bulk of its Macintosh sales. 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. 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. Copyright Note: Apples financial year ends in September. By 2004, Apple's new retail model raked in $1 billion in sales. Apple plans to store the personal data of its Chinese customers there on computer servers run by a state-owned Chinese firm.CreditCNES/AIRBUS. [Online]. 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. 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. It has considered relocating its production facilities. It was bad news for Apple, which had staked its reputation on keeping customers data safe. This presence has influenced different geographies in a distinct manner. In 2018, Apple became the first American company to exceed $1 trillion in market capitalization. So Apple created new devices to store the keys in China. Apple continues to break records with its performance, shattering the market cap ceiling in 2018 at $1 trillion and again in 2020, doubling to $2 trillion. Apple added that it removed apps only to comply with Chinese laws. The company said in a statement that it followed the laws in China and did everything it could to keep the data of customers safe. 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. If the products were designed in California, they shouted, then what were they doing in China? Today, the App Store supports more than 2.1 million US jobs across all 50 states. Instead of laying off full-time permanent employees, Apple has begun letting go of contractors. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Apple's market value exceeds the combined net worth of most of the world's billionaires, entire nations' economies, and the market value of most exchanges. Apple, he realized, had no Plan B. They were just furious.. Dollars). Shortly after Mr. Guo applied to the App Store, the Cyberspace Administration of China, the governments internet regulator, told Apple it wanted the app rejected. 2023 Total Enterprise Value to Total Revenue (ttm). Apple Music is the second largest music streaming service in the West, far behind Spotifys 150 million users. Discover the current debt ceiling and its economic impact. But at the data center in Guiyang, which Apple hoped would be completed by next month, and another in the Inner Mongolia region, Apple has largely ceded control to the Chinese government. All Rights Reserved. Jobs resigned from Apple in 1985 and the company saw a gradual decline over the 1990s, as it struggled to compete with Microsoft on software and Windows manufacturers on hardware sales. It has also built out its subscription services to include music and video streaming, video games, fitness and cloud storage. For a full list of Apple Media Services availability around the world, please visit. 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. It surpassed 50 million annual sales in 2022. 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. In addition to US developers, European developers also contribute App Store content. This compensation may impact how and where listings appear. Business Solutions including all features. 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. The UK comes third for Apple Stores with 38. Nov 10, 2022 The Americas are Apple's largest regional market, bringing in net sales of 39.81 billion U.S. dollars in the fourth quarter of the company's 2022 fiscal year. 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. If the app appeared to mention the banned topics, he would remove it, but he would send more complicated cases to senior executives, including Mr. In some countries and regions, Business Chat will become available to . Apples new data center in the Inner Mongolia region of China. Access to this and all other statistics on 80,000 topics from, Show sources information Sources: Counterpoint Research, TF International Securities, Strategy Analytics. So Mr. Cook agreed to move the personal data of his Chinese customers to the servers of a Chinese state-owned company. The Combined Net Worth of the World's 18 Richest People. Meanwhile, Apple held just 1.2% of the market share in 2018, according to The Economic Times. With the keys in China, the government has two avenues to the data, security experts said: demand it or take it without asking. He turned the companys fortunes around, launching iTunes and iPod in 2001. Apple does not break out its other categories, making it difficult to determine how much revenue each product is generating. dollars)." Please do not hesitate to contact me. Cupertino, California Apple announced that starting today, even more customers around the world can enjoy many of Apples most popular Services. Apple Pay transaction volume for in-store purchases has increased rapidly over the past two years, going from $90 billion t0 $650 billion. You only have access to basic statistics. However, it will take a long time until they come remotely close to matching the Apple Store empire. A total of 5.3 million Mac computers were sold during Q4 2018. Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period. During that time period, China's apple production amounted to almost 46 million metric tons. It traces its origins back to 1997 when Steve Jobs returned to the company as interim CEO. But China would not approve the use of the Thales devices, according to two employees. 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. "Costs of Major U.S. Wars," Pages 4 and 5. Apple's CEO Tim Cook is estimated to have a net worth of $1 billion. That surprised at least two Apple executives who worked on the initial negotiations and who said the move could jeopardize customers data. To make this many devices requires an incredibly complex and far-reaching supply chain. Apple total number of employees in 2021 was 154,000, a 4.76% increase from 2020. While sales dropped in 2021, the launch of higher-end iPads meant more revenue per sale. We agreed to this timeline three years ago, said one slide. 9 September 2014 - Company launches wearable watch device - Apple Watch. "Monthly Budget Review: Summary for Fiscal Year 2020. Apple is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. Apple Music offers more than 60 million songsandlocally curated playlists including Africa Now, Afrobeats Hits, and more. In a presentation to some engineers last year, according to slides viewed by The Times, managers made clear that the stakes were high. Indian sentiment thrives on budget spending. Apple iPhone unit sales worldwide 2007-2018, by quarter, Global market share held by smartphone operating systems 2009-2018, by quarter, Virtual reality (VR) - statistics & facts, Research expert covering the global consumer technology industry, Profit from additional features with an Employee Account. All values afterwards are estimatesSources: Apple, Canalys, IDC, Strategy Analytics. industries; and "Economy and Society", which In the beginning, Apple stores were locations to touch and see the Apple lifestyle experience. 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. Cupertino, California Apple announced that starting today, even more customers around the world can enjoy many of Apple's most popular Services. With Samsung and Huawei offering high-end specifications in budget phones, Apple has lost its appeal to the extensive Indian audience. People may receive compensation for some links to products and services on this website. For Apple, China is not only a market with a strong iPhone user base but also the manufacturing hub of iPhones. Apple encrypts customers private data in its iCloud service.