We have never compromised the security of our users or their data in China or anywhere we operate, the company said. "Revenue of Apple by Geographical Region from The First Quarter of 2012 to 4th Quarter 2022 (in Billion U.S. daily and featuring the latest statistics from the media, The Statista "Chart of the Day" currently focuses 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. Sales have steadily fallen in China since 2015, although it received a slight bump in 2021. Does Statista also create infographics in a customized design? However, it has yet to reach Apple's $2 trillion market cap milestone. Copyright 2023 Market Realist. U.S. federal government debt as of Sept. 30, 2020. Apple is one of the most influential and recognisable brands in the world, responsible for the rise of the smartphone with the iPhone. Chinese workers assemble nearly every iPhone, iPad and Mac. Apple is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. When publishing one of these graphics, Apple said it removed Mr. Guos app in China because it had determined it was illegal there. Source: Company data. But those R&D centers complicated Apples image as a California company. You can email the site owner to let them know you were blocked. But five years later, it ultimately did. Apple used more suppliers . The. Chinese officials say their cybersecurity law is intended to protect Chinese residents data from foreign governments. The security experts said that arrangement alone represented a threat that no engineer could solve. 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. This presence has influenced different geographies in a distinct manner. Apple continues to be a clean energy leader through its $4.7 billion Green Bond spend, with recent investments in solar and wind projects in Nevada, Illinois, and Virginia bringing clean energy and high-paying jobs to local communities across the country. Apple saw double-digit year-on-year growth in iPhone revenue from 2008 to 2015, but revenues stagnated for the five years afterwards. The reality is that, globally, Apple is fighting on multiple fronts to stay at the top. In some countries and regions, Business Chat will become available to . The iPhone maker will have to recognize the Indian populations style of smartphone usage. 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. The subject line was Hot: Guo. The Chinese government had spotted Mr. Guos new app, and Mr. Kosmynka wanted to know how it had gotten published. 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. Forbes. Important people put their reputations on the line. Apple plans to store the personal data of its Chinese customers there on computer servers run by a state-owned Chinese firm. In, Apple. This is not the case for Apple, which has improved sales almost every year since 2009. 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. Indian sentiment thrives on budget spending. With Samsung and Huawei offering high-end specifications in budget phones, Apple has lost its appeal to the extensive Indian audience. The Rest of Asia Pacific segment includes Australia and Asian countries. "Apple becomes first U.S. company to reach a $2 trillion market cap. Western markets have very few first-time buyers, and the device upgrade cycle of Apples user base has stretched. The Chinese are serial iPhone breakers, said Ross J. Anderson, a University of Cambridge cybersecurity researcher who reviewed the documents. Copyright Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. 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.. It also exceeds the total value of stocks on most exchanges worldwide. 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.. Mr. Guthrie concluded that no other country could offer the scale, skills, infrastructure and government assistance that Apple required. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. 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. 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. [n 1] According to the press release, the App . Twenty years later, Apple now has 510 stores across 25 countries and territories. It operates. 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. Investopedia does not include all offers available in the marketplace. The Apple iPad Pro and Apple iPad Air stand atop Apple's tablet lineup. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment. Apple employees added his name to the companys internal Chinese App Store Removal wiki page, according to the documents, as well as a software program that would automatically tag any apps that mentioned him. "Federal Debt: Total Public Debt.". Those companies are Foxconn and Pegatron, both of which are based in Taiwan. If the situation goes south from here, the production of Apples major revenue-making product, the iPhone, would be at stake. Despite where it's headed, it maintains its position at the top. Apple is also making industry-leading investments in new clean energy projects and green technology in the US and around the world. Congressional Research Service. Tim Cook, Apples chief executive, has said the data is safe. industries; and "Economy and Society", which The investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields. But for most of that information, Apple also has the digital keys to unlock that encryption. A company's net worth is calculated as its assets minus liabilities. One of his first research projects was Apples Chinese supply chain, which involved millions of workers, thousands of plants and hundreds of suppliers. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. According to data reported by IDC and Counterpoint Research, Samsung, Xiaomi, Oppo, and Vivo held ~70% of the Indian smartphone shipment market in 2018. Yes, Statista allows the easy integration of many infographics on other websites. High-end smartphonescosting from $300makeup only 6% of the market, or just 6 million units.. Chinese law requires the companies to comply. Apple Music is the second largest music streaming service in the West, far behind Spotifys 150 million users. Economies of Entire Countries . Apple said it fired Mr. Pham because of poor performance. An extensive complex of apartments and town homes is being built across the street from Apples data center in Guiyang. Read on as we dissect how these devices compare. Apple Card is available only in the U.S. Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch. "Monthly Budget Review: Summary for Fiscal Year 2020. It is still behind Flipboard, with 145 million MAUs, but may surpass it by 2022. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA. You may opt-out by. 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 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. Today, the App Store supports more than 2.1 million US jobs across all 50 states. 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. "The World's Real-Time Billionaires List. Censorship, Surveillance and Profits: A Hard Bargain for Apple in China, https://www.nytimes.com/2021/05/17/technology/apple-china-censorship-data.html. Apple plans to store the personal data of its Chinese customers there on computer servers run by a state-owned Chinese firm.CreditCNES/AIRBUS. 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.. 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. Related by Industry: Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment, Located in San Jose-Sunnyvale-Santa Clara, CA Metropolitan Area. It surpassed 50 million annual sales in 2022. 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.. 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. This compensation may impact how and where listings appear. Apple generated $41.1 billion revenue from this segment in 2022. Apple failed in this segment, too, unlike peers Google and Microsoft. Please do not hesitate to contact me. Apple has proven to be highly successful at such expansions. The company has paid more than $23 billion to App Store developers across Europe, making a good market for itself. If you are an admin, please authenticate by logging in again. Two weeks later, the board said Mr. Guo belonged on Apples China blacklist. Chinese workers assemble nearly every iPhone, iPad and Mac. Apple said that most of the apps it removed for the Chinese government were related to gambling or pornography or were operating without a government license, such as loan services and livestreaming apps. Apple is known as the global leader in the tech industry, specifically for iPhones. Before his app even became available on iPhones, the Chinese government was trying to block it. It was unclear how the officials knew about it. Click to reveal The Chinese employees were angered, according to Mr. Guthrie and another person in the room. Apple does not disclose such takedowns in its statistics. Lets understand Apples global presence in detail. Are you interested in testing our business solutions? A total of 5.3 million Mac computers were sold during Q4 2018. Number of apps that disappeared from the iOS App Store in China by month through February 2021. 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. Sources: Counterpoint Research, TF International Securities, Strategy Analytics. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. 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. More than 600 news apps also disappeared. 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 can only download this statistic as a Premium user. Note: Apple has not updated figures since 2020. Use This Visualization. People waiting in line last year for the opening of a new Apple Store in Beijing. All values afterwards are estimates. For individual content and infographics in your Corporate Design, Considered as one of the most popular fruits, it is used in variety of food items such as apple shakes, apple cakes, apple pies, and wines derived from apple fermentation. She suggested that the question be elevated to Apples executive review board, a group of executives who decide the trickiest App Store issues, including top deputies to Mr. Cook. In comparison to iPhone, iPad and Mac, Apples services revenue has increased year-on-year. "List of Stock Markets. The cybersecurity law went into effect in June 2017. We also reference original research from other reputable publishers where appropriate. please include a backlink to the respective infographic URL. Offers may be subject to change without notice. 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 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 line with the current White House administrations aim to make America great again, Apple is investing in domestic suppliers and manufacturing partners. With iPhone and iPad sales not likely to see much significant movement, Apple sees services as a way to continue growing. This figure exceeds the GDP of most countries. The App Store, Apple Arcade, Apple Music, Apple Podcasts, and iCloud are now available to more customers around the world. There will be immense pressure to get it done. To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017. By 2004, Apple's new retail model raked in $1 billion in sales. Access to this and all other statistics on 80,000 topics from, Show sources information 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. Steve Jobs, the founder and CEO, was one of technologys first rockstars, able to sell hardware as more than a tool for work. 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. Note: Apple stopped reporting Mac sales in Q4 2018. However, we know Watch, AirPods and Beats are the three key products in this segment. 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. 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. 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. 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. Use is, however, only permitted with Apple revolutionized personal technology with the introduction of the Macintosh in 1984. The . Can we put the necessary pieces in place to prevent that ASAP.. But then youre married to China.. 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. Apples situation in China is looking dicey. The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. 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. In fact, only seven countries in the world have a higher GDP than Apple's market cap. Or do you stand on the sideline and yell at how things should be? he said at a conference in China in 2017. 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. 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. "How Much is Tim Cook Worth?". Its history is phenomenal, and the lengths to which Apple has gone to upgrade its tech are revolutionary.