However, Apple's value pales in comparison to the nation's total federal debt of $26.945 trillion.. Or do you stand on the sideline and yell at how things should be? he said at a conference in China in 2017. The Apple iPad Pro and Apple iPad Air stand atop Apple's tablet lineup. The UK comes third for Apple Stores with 38. Apple built the worlds most valuable business on top of China. An increasingly important part of Apple, as it continues to add more subscriptions and services to its iOS platform. That surprised at least two Apple executives who worked on the initial negotiations and who said the move could jeopardize customers data. 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. 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. How many countries is Apple Music available in? Wearable, Home and Accessories revenue Apple generated $41.1 billion revenue from this segment in 2022. Apple's biggest iPhone 15 upgrade comes with a nasty surprise Apple has increased costs for iPhone, iPad and MacBook owners worldwide Apple TV+ could be making a bid to live stream Pac-12 sports replacing ESPN & Fox. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, eHealth - Gesundheits-Konsumenten-Apps im Apple Store nach Zielgruppe 2013, eHealth - Gesundheits-Konsumenten-Apps im Apple Store nach Therapiegebiet, eHealth - Anzahl der Gesundheits-Konsumenten-Apps im Apple Store nach Funktionalitt, eHealth - Gesundheits-Konsumenten-Apps im Apple Store entlang des Behandlungspfads, eHealth - Anzahl der Gesundheits-Apps im Apple Store nach Nutzer 2013, eHealth - Gesundheits-Konsumenten-Apps im Bereich psychische Gesundheit 2013. Apple is one of the most produced fruits in the world. Sources: Apple, Gartner. Apple hired Doug Guthrie in 2014 to help the company navigate China. Chinese workers assemble nearly every iPhone, iPad and Mac. The margin. This segment alone generated $53 billion revenue in 2020, making it Apples second largest segment. (October 27, 2022). You can email the site owner to let them know you were blocked. In fiscal 2019, Apple generated $43.7 billion in revenue from China, or 16.7% of its total revenue. 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. Apple has rebalanced its revenue weighting from products to products and services. But Apple and the Chinese government have made an unusual arrangement to get around American laws. Even though Apple Pay comes pre-installed on all iPhones, users can still choose to not set up the contactless payment solution. "Revenue of Apple by Geographical Region from The First Quarter of 2012 to 4th Quarter 2022 (in Billion U.S. The. AirPods were next, which paved the way for wireless headphones to become mainstream. This compensation may impact how and where listings appear. The service can back up everything stored on an iPhone or Mac computer, and can reveal the current location of a users Apple devices. 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. 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.. Keith Bradsher contributed reporting from Guiyang. This produced one of the lowest operating margins among the segments at 33.2%. In the US and Europe, Apple has reached a saturation point. Source: Company data. Twenty years later, Apple now has 510 stores across 25 countries and territories. 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. Mr. Guos media outlets have a history of peddling misinformation. Note: Apple has not updated figures since 2020. Apple is also making industry-leading investments in new clean energy projects and green technology in the US and around the world. But today, Apple is facing stagnation in its own market. In August 2018, Apple Inc. (AAPL) became the world's first company to record a market capitalization of $1 trillion and roughly two years later, became the first publicly traded U.S. company to surpass $2 trillion. As of March 15, 2021, Apple's market cap increased to $2.08 trillion. To put that staggering $2 trillion figure in context, we present five other huge things that the giant technology company is bigger than or comparable to in terms of value. 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. Sometimes, Mr. Shoemaker said, he was awakened in the middle of the night with demands from the Chinese government to remove an app. In some countries and regions, Business Chat will become available to . All values afterwards are estimates. You can learn more about the standards we follow in producing accurate, unbiased content in our. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. 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.. Under the direction of Deirdre O'Brien, Apple Stores are staffed by more than 70,000 team members and 3,000 Creative Pros. Apps that mapped users runs, edited selfies or taught sexual positions were removed. In the three years after the law kicked in, Apple said it provided the contents of an undisclosed number of iCloud accounts to the government in nine cases and challenged just three government requests. He said Apples policy was matter-of-fact: If the lawyers believed a topic was off-limits in China, then Apple would remove it there. "Apple becomes first U.S. company to reach a $2 trillion market cap. Construction for Apples $1 billion Austin campus is underway, with employees expected to start moving into the space next year. 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. 2023 Mr. Cook has been on a charm offensive in China, making frequent, statesmanlike visits and meeting with top leaders. 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. A trillionaire is an individual with a net worth of more than one trillion in U.S. dollars or another similarly valued currency. October 27, 2022. A company's net worth is calculated as its assets minus liabilities. 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. Currently, you are using a shared account. Of the top 72 exchanges in the world, only 11 have market caps greater than Apple. 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. Apple is on track to meet its 2018 goal of creating 20,000 new jobs in the US by 2023. The Chinese employees were angered, according to Mr. Guthrie and another person in the room. In fact, only seven countries in the world have a higher GDP than Apple's market cap. Apple has also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, Oregon. daily and featuring the latest statistics from the media, When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Use Forbes logos and quotes in your marketing. Discover the current debt ceiling and its economic impact. A businesss expansion into a new market should always be based on the local culture and sentiment. Its success has inspired competitors such as Samsung, Xiaomi and Huawei to pursue a similar strategy and open their own physical retail stores. Apple brings in $55 billion a year from the region, far more than any other American company makes in China. An extensive complex of apartments and town homes is being built across the street from Apples data center in Guiyang. The accelerated commitment will fund a new North Carolina campus and job-creating investments in innovative fields like silicon engineering and 5G technology. You get in the arena, because nothing ever changes from the sideline.. Apple invested $6 billion into TV+ in 2019, a huge gamble in a market with Netflix, Amazon and Disney all competing for eyeballs. They were just furious.. "He also shut down 10 of the 19 Apple warehouses to limit overstocking." 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. Market Realist is a registered trademark. Only then can a strategy be outlined to penetrate the mainstream market. Behind the scenes, Apple has constructed a bureaucracy that has become a powerful tool in Chinas vast censorship operation. Part of that effort was new research and development centers in China. While some analysts predicted failure for the new store, they enjoyed a lucrative opening weekend, taking in $599,000. 1. When Apple managers questioned Mr. Pham, he told them the app didnt violate any policies. 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. That led to a project known inside Apple as Golden Gate.. Wow - Apple's $246B cash hoard is more than the GDP of Finland ($239B), Chile ($234B), Bangladesh ($226B) and 145 other countries. And competitors such as Samsung and OnePlus are threatening Apple in the premium smartphone category. Copyright 2023 Market Realist. India is still uncharted territory for Apple. Services has seen the highest percentage increase over the past five years. The Americas segment includes North and South America. 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. This website is using a security service to protect itself from online attacks. The documents and interviews shine a light on a bureaucracy inside Apple designed to censor and block apps, often proactively, to appease the Chinese government. To keep its ground, it has implemented or considered many strategies: However, to pass the trillion-dollar mark, Apple will have to come up with more than just strategies. 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 majority of subscribers are from the US, which is one of the few countries Apple is close to Spotify. This business model only really fits and works in China, Mr. Guthrie said in an interview. According to data reported by IDC and Counterpoint Research, Samsung, Xiaomi, Oppo, and Vivo held ~70% of the Indian smartphone shipment market in 2018. Cupertino, California Apple announced that starting today, even more customers around the world can enjoy many of Apple's most popular Services. The next iPad Pro may come with an OLED screen, and the latest report claims itll come with a big price increase. Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. dollars) [Graph]. Technically, Foxconn is the company's trade name; the firm's official name is Hon Hai . The security experts said that arrangement alone represented a threat that no engineer could solve. It was bad news for Apple, which had staked its reputation on keeping customers data safe. On Chinese iPhones, Apple forbids apps about the Dalai Lama while hosting those from the Chinese paramilitary group accused of detaining and abusing Uyghurs, an ethnic minority group in China. When publishing one of these graphics, All eyes are on Apples next products, which may include a virtual reality headset and self-driving car.