Apple saw double-digit year-on-year growth in iPhone revenue from 2008 to 2015, but revenues stagnated for the five years afterwards. The country has more than one billion potential users plus a cost-effective product manufacturing arena. Its net worth as of 2020 was an impressive $65 billion. As Apple grows its teams and operations in the US, the company is committed to doing so in an environmentally responsible manner with a focus on renewable energy and green innovation. Its perhaps the worlds most recognizable consumer tech brand. The Statista "Chart of the Day", made available ", 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. About half of all iPhone users actively use Apple Pay, according to Loup Ventures. Apple has rebalanced its revenue weighting from products to products and services. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. 208.97.171.40 The Apple data center in Guiyang as seen in a satellite image. Apples news aggregation service may not responsible for much revenue generation for Apple or news providers but it has added more readers every year since launch. ", TradingHours.com. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. But for most of that information, Apple also has the digital keys to unlock that encryption. One can imagine what record it will break next. In line with the current White House administrations aim to make America great again, Apple is investing in domestic suppliers and manufacturing partners. U.S. federal government debt as of Sept. 30, 2020. If Apple decides to bear the tariff costs, its EPS could fall by 23% in 2020. Three weeks later, Trystan Kosmynka, Apples app review chief, sent an email to several managers at 2:32 a.m. Can we put the necessary pieces in place to prevent that ASAP.. 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.. Apple added that it removed apps only to comply with Chinese laws. 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. 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. 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. Since then, Apple has struggled to entice new customers and iPad owners typically hold onto their device for more than three years. 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. The documents showed that Apples deadline to start storing data in the new Chinese data centers was June 2021. Apple wanted to keep them in the United States; the Chinese officials wanted them in China. Wearable, Home and Accessories revenue Apple generated $41.1 billion revenue from this segment in 2022. Awards from the fund have led to breakthrough innovations in laser technology, sustainable material development, 5G infrastructure, and other cutting-edge fields. Interactive chart of Apple (AAPL) annual worldwide employee count from 2010 to 2022. Key takeaways: Apple is the world's most valuable brand, worth $263.4 billion as of 2021. Apple, he realized, had no Plan B. Indias community is also known for its software aptitude. A budget deficit occurs when expenditures exceed revenue and is the term commonly used to refer to government spending and national debt. Cloudflare Ray ID: 7a2c58c3ccac82f6 Global GDP was $87.799 trillion in 2019, per the latest data from the World Bank, and Apple's market cap is 2.36% of that figure.Compared to the U.S., the world . Wearable, Home and Accessories quarterly revenue 2015 to 2023 ($bn) Despite the pressures of the pandemic, healthcare institutions dominate the America's Best Large Employers 2023 list. 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. 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. We have a deep sense of responsibility to give back to our country and the people who help make our success possible.. The US is Apples home ground. (Rendering: Studio8 Architects and WP Visions). 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 per person consumption of apple juice and cider decreased to 12.6 pounds. The managers responded that the app criticized the Chinese government, Mr. Pham said in court documents, and that this was enough for rejection. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Offers may be subject to change without notice. This website is using a security service to protect itself from online attacks. Most of those apps have remained available in other countries. GCBD declined to answer questions about its Apple partnership. President Xi Jinping of China, lower left, greeting Apples chief executive, Tim Cook, in 2015. The company has also helped China spread its view of the world. Apple has tried to expand its chain of contracted manufacturers to other Asian countries such as . Sources: Bloomberg, Statista. 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. Apple generates more than half of its revenue from products. Show publisher information 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. The company has paid more than $23 billion to App Store developers across Europe, making a good market for itself. Working in the interest of the nations future, Apple is supporting education in coding, technology, science, the arts, and math. 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.. How many countries does Apple operate in? 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. Those companies are Foxconn and Pegatron, both of which are based in Taiwan. The success of the iPhone enabled Apple to launch new product categories, such as the iPad. But which one works best for you? In early 2018, Guo Wengui, an exiled Chinese billionaire, was spending much of his time in Manhattan trying to broadcast his claims of corruption inside the Communist Party. 2023 Apple has also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, Oregon. 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. China, the USA and Poland are the top three countries in the production of apple . Apple does not disclose such takedowns in its statistics. 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. With Samsung and Huawei offering high-end specifications in budget phones, Apple has lost its appeal to the extensive Indian audience. During that time period, China's apple production amounted to almost 46 million metric tons. Even though the PC market saw higher sales in 2020, for the past decade it has been in gradual decline. 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. Apple's net worth at the end of the fiscal year 2020 was $65.34 billion. Its market capitalization, however, is $2.08 trillion as of March 15, 2021. 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. PC sales have been flat or in decline for the past decade, but Apple has added more revenue and sales almost every year since 2009. In every other country combined over that period, Apple approved 40 percent of requests, removing 253 apps. Apple is one of the most produced fruits in the world. Chinese state employees physically manage the computers. The Chinese government must approve any encryption technology that Apple uses in China, according to two current Apple employees. You get in the arena, because nothing ever changes from the sideline.. dollars)." Budget Deficit: Causes, Effects, and Prevention Strategies, Apple becomes first U.S. company to reach a $2 trillion market cap, Monthly Budget Review: Summary for Fiscal Year 2020. Meanwhile, Apple held just 1.2% of the market share in 2018, according to The Economic Times. Even with Apples shift in priorities from PC to mobile, Mac has remained a core part of the companys product portfolio. Apple sits far behind Amazon and Google in units sold, although the launch of the HomePod Mini has made some inroads. Andy Leaver (@AndyLeaver) February 1, 2017 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 . Use This Visualization. Despite where it's headed, it maintains its position at the top. 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. 25 countries Over the years, Apple has expanded the number of retail locations and its geographical coverage, with 512 stores across 25 countries worldwide as of June 24, 2021, when the new flagship store at Via del Corso in Rome opened. Yet thats an aspect of their new agreement MLS and Apple have seemed to almost purposefully ignore. Apple hired Doug Guthrie in 2014 to help the company navigate China. It also exceeds the total value of stocks on most exchanges worldwide. Apple has proven to be highly successful at such expansions. In May 2018, CNBC reported Morgan Stanley analyst Kate Huberty estimated that if Apple passes the 25% tariff costs on iPhones to customers, the price of the iPhone XS could increase by $160. 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. The reality is that, globally, Apple is fighting on multiple fronts to stay at the top. These services are provided by Green Dot Bank, member FDIC. In those three years, Apple's yearly sales grew from a little over $775,000 to $118 million. One of his first research projects was Apples Chinese supply chain, which involved millions of workers, thousands of plants and hundreds of suppliers. Your IP: Documents reviewed by The Times do not show that the Chinese government has gained access to the data. Of the top 72 exchanges in the world, only 11 have market caps greater than Apple. However, we know Watch, AirPods and Beats are the three key products in this segment. Yet a Times analysis of Chinese app data suggests those disclosures represent a fraction of the apps that Apple has blocked in China. But five years later, it ultimately did. Under the direction of Deirdre O'Brien, Apple Stores are staffed by more than 70,000 team members and 3,000 Creative Pros. To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017. 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 conglomerate increased its funding from $1 billion to $5 billion to support innovation among American manufacturers. We have never compromised the security of our users or their data in China or anywhere we operate, the company said. Opinions expressed by Forbes Contributors are their own. Apple now assembles nearly all of its products and earns a fifth of its revenue in the China region. Apples $430 billion US investments include working with more than 9,000 suppliers and companies large and small in all 50 states, supporting American job creation across dozens of sectors, including silicon engineering, 5G, and manufacturing. 20 years on from the first Apple Stores opening their doors, the concept has come a long way. October 27, 2022. As a Premium user you get access to the detailed source references and background information about this statistic. 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. The company has developed an entire healthcare ecosystem. Note: Apples financial year ends in September. They only indicate that Apple has made compromises that make it easier for the government to do so. ", Yahoo Finance. In November 2016, China approved a law requiring that all personal information and important data that is collected in China be kept in China. sports and entertainment. EPS and Revenue estimates are for the next 12 months. Even though Apple device sales have stagnated in the past few years, it has added more active iPhone users every year. iCloud needs influential friends in China.. Services has seen the highest percentage increase over the past five years. It traces its origins back to 1997 when Steve Jobs returned to the company as interim CEO. Apple is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. Apple total number of employees in 2020 was 147,000, a 7.3% increase from 2019. Last month Apple began streaming MLS games and next month Apple will begin their second season of streaming MLB games. It was a tightrope we had to walk.. Its market capitalization, or market value, is calculated as the total number of outstanding shares of stock multiplied by its market price. "Apple becomes first U.S. company to reach a $2 trillion market cap. 1. 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. According to the companys 2019 SEC filing, the country alone accounts for 45% of Apples revenue. In a last ditch effort to save the company, Apple acquired Jobs company NeXT and installed him as advisor and then CEO. 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. So Mr. Cook agreed to move the personal data of his Chinese customers to the servers of a Chinese state-owned company. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. Want to learn more about Apple? non-commercial websites. The colleague replied that Mr. Guo probably should be on the list, given that he had been spreading unverifiable defamatory stories about Chinese officials. But those R&D centers complicated Apples image as a California company. Total Enterprise Value to Total Revenue (ttm). Indian smartphone and laptop users generally avoid paid entertainment services. The Chinese government regularly demands data from Chinese companies, often for law-enforcement investigations. 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. Apple abandoned the encryption technology it used elsewhere after China would not allow it. It was bad news for Apple, which had staked its reputation on keeping customers data safe.