Much has changed since Apple's humble beginning in a garage in Los Altos, California. Today, Apple Inc. has become one of the most valuable companies in the world. Apple's global revenue surpassed 365 billion U.S. dollars in their 2021 fiscal year a new record high. Apple became the first U.S. company to hit the two-trillion-dollar market cap milestone, achieving this milestone just two years after going public. Big tech companies like Apple, Amazon, and Google have benefited from the coronavirus (COVID-19) pandemic that swept the world, with investors finding refuge in tech giants' ability to avoid recession with their enormous size and power.
Apart from its successful hardware, Apple has also begun to increase the revenue generated from its app store. Many of the company's most popular apps categories are gaming, photo, and video apps such as Roblox, Instagram, and YouTube. Gaming apps such as Roblox and Candy Crush Saga make an average of around two and a half million U.S. dollars in revenue on the app store each day. Spotify, Pandora, and Amazon Prime Music compete with Apple's own "Apple Music" to provide consumers with streaming music options when they are on the go.
Apple in home entertainment
Apple TV marked Apple's endeavor to enter the home entertainment industry, revolutionized by digital media platforms such as Netflix and Amazon Prime. The streaming media player allows its users to connect their TVs to the internet, stream videos, listen to music, play games, etc. online. Apple TV can also access media content from other media platforms such as Netflix. Currently Apple offers HomePod audio devices and Apple TV under their home entertainment range looking to expand into virtual reality and augmented reality with Apple glasses.
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In the following 5 chapters, you will quickly find the 31 most important statistics relating to "Apple products in the U.S. ".