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Apple’s iPhone sales accounted for 49.02 percent of the company’s overall revenue in the third quarter of fiscal year 2022, the largest share of all Apple products. Over the years, services as well as wearables, home and accessories have made a growing contribution to Apple’s net sales.
Apple’s revenue growth amid the pandemic
In the second quarter of financial year 2022, Apple’s global revenue reached 97.28 billion U.S. dollars. This demonstrates Apple’s resilience in a time of challenge, as the coronavirus (COVID-19) pandemic caused economic recessions all over the world. The Americas are Apple’s largest regional market and contributed to more than 41 percent of the firm’s sales in that quarter.
Who are Apple’s competitors?
Having a broad family of products, Apple competes with different companies in different markets. Samsung is Apple’s largest adversaries in the global smartphone market, where the company had a share of 18 percent in fourth quarter of 2021, trailing the other two. Similarly, Apple has a solid position in the PC market without a leading advantage. The situation is reversed in the tablet market and the smartwatch market, where Apple has remained the leader since the early days, staying ahead of Samsung, Huawei, Amazon, etc.
The largest reported data leakage as of August 2022 was the Cam4 data breach in March 2020, which resulted in the exposure of more than 10 billion data records. The second-largest data breach in history so far, the Yahoo data breach, occurred in 2013. The company initially reported about one billion exposed data records, but after an investigation, the company updated the number, revealing that three billion accounts were affected. The next significant data leakage was the March 2018 security breach of India's national ID database Aadhaar, with over 1.1 billion records exposed. This included biometric information such as identification numbers and fingerprint scans which could be used to open bank accounts and receive financial aid, among other government services.
Cybercrime - the dark side of digitalization
As the world continues its journey into the digital age, corporations and governments across the globe have been increasing their reliance on technology to collect, analyze and store personal data. This, in turn, has led to a rise in the number of cyber crimes ranging from minor breaches to global-scale attacks impacting billions of users – such as in the case of Yahoo. Within the U.S. alone, 1506 data breaches were reported in 2019. This was a marked increase from the 498 cases reported a decade prior. Meanwhile, an all-time high of 471 million personal records was exposed through cybercrime in 2018 nationwide.
The high price of data protection
As of 2020, the average cost of a single data breach across all industries worldwide stood at nearly 4 million U.S. dollars. This was found to be most costly in the healthcare sector, with each leak reported to have cost the affected party a hefty 7.13 million U.S. dollars. The energy and financial segments followed close behind. Here, each breach resulted in a loss of approximately 6 million U.S. dollars - 2 million more than the global average. As cyber criminals become more skilled and the threat of digital attacks continues to rise, organizations worldwide are spending more on cyber security in an attempt to circumvent such breaches. As a direct result, the annual worldwide spend on cyber security and insurance has been on the rise, with the former having increased from 75.6 billion in 2015 to 124 billion U.S. dollars by 2019.
The world of video gaming is very diverse, ranging from mobile gaming to PC gaming and console gaming. Over the past years, there has been an increase in downloads and mobile game usage among kids as well as adults which has, in turn, led to an increase in mobile gaming revenue. One of the most popular mobile games of 2022 was PUBG Mobile, which grossed almost 1.2 billion U.S. dollars worldwide during the first eight months of the year.
Liz Truss will become the next Prime Minister of the United Kingdom after winning 57.4 percent of the vote in the final round of the Conservative Party leadership contest. The leadership contest began in July following the resignation of Boris Johnson, and was followed by 357 Conservative MPs voting in five ballot rounds to reduce the leadership contest from eight candidates to two. The remaining two candidates; Liz Truss and Rishi Sunak, faced off in a final round where over 141,000 Conservative Party members were able to vote for their next leader, who would also become Prime Minister of the UK. Truss won 81,236 votes to Sunak's 60,399, and will inherit a variety of problems as leader of the country. The UK is facing a severe cost of living crisis, driven by a surging inflation rate, which reached 10.1 percent in the most recent month.
United Airlines, founded in 1926 as Varney Air Lines, is one of the four major air carriers in the United States, with a domestic market share of 9.7 percent in 2021.
United Airlines in the U.S.
In 2010, United Airlines merged with Continental Airlines, following discussions started in 2008, and changed its name to United Continental Holdings to reflect the merger agreement into one of the world’s largest airlines. The airline brought in over 16.8 billion U.S. dollars in revenue from its Canadian and domestic routes in 2021. Its largest hub, Denver International, handled 4.4 million passengers that year.
United Airlines in the world
Due to the COVID-19 pandemic, the airline generated only 24.6 billion U.S. dollars in operating revenue and transported only 104.1 million passengers worldwide in 2021. The company is often amongst the leading airlines in the world in terms of ancillary revenue, passenger kilometers flown or brand value. United Airlines is one of the world’s largest airline when it comes to the number of destinations served – 364 destinations as of August 2022.
In financial year 2022, the share of Unified Payments Interface was the highest compared to other payment systems in India at over 50 percent. UPI is an instant real-time payment system developed by the National Payments Corporation of India and facilitates inter-bank transactions. Prepaid payments came second that year with a nearly seven percent share out of the total share of transaction volume.
There are a variety of ways to transfer money in today's banking environment. Right from cash based systems to card-based and mobile payments, India has developed a broad network of payment systems.
The value of investments into fixed assets in China's construction industry in 2021 amounted to almost 280 billion yuan which remained one of the lowest values since 2010. Fixed asset investments include investments in buildings, land, machinery, and equipment.
According to a survey conducted in August 2022, the greater share of Germans support the production of nuclear energy in Germany in the medium to long term. Only 15 percent of the total respondents agree on the government's plan of phasing out nuclear power by the end of the year, and the majority of them belong to the Greens party. A striking 86 percent of the AfD party supports the use of nuclear energy in the long term.
As of August 26, 2022, the FTSE index stood at 7,427.31 points - below its average value of around 7,500 points in early 2020.
On the 12th of March 2020, amid the escalating crisis surrounding the coronavirus and fears of a global recession, the FTSE 100 suffered the second largest one day crash in its history and the biggest since the 1987 market crash. On the 23rd of March, the FTSE index saw its lowest value this year to date at 4,993.89 but has since began a tentative recovery. With the continuation of the pandemic, the FTSE 100 index was making a tentative recovery between late March 2020 and early June 2020. Since then the FSTE 100 index had plateaued towards the end of July, before starting a tentative upward trend in November.
FTSE 100
The Financial Times Stock Exchange 100 Index, otherwise known as the FTSE 100 Index is a share index of the 100 largest companies trading on the London Stock Exchange in terms of market capitalization. At the end of September 2021, the largest company trading on the LSE was the Boston-headquartered General Electric Company. The largest initial public offering (IPO) on the LSE as of March 2022 was Glencore International plc.
European stock exchanges
While nearly every country in Europe has a stock exchange, only five are considered major, and have a market capital of over one trillion U.S dollars. European stock exchanges make up two of the top ten major stock markets in the world. Europe’s biggest stock exchange is the Euronext which combines seven markets based in Belgium, France, England, Ireland, the Netherlands, Norway, and Portugal.
In three years and a eight months months in office, Jair Messias Bolsonaro, president of Brazil, has faced 91 impeachment requests. Considering his time in government, if the present tendency continues, Bolsonaro is bound to become the Brazilian president with the highest number of impeachment requests. A 2020 survey showed an increasing percentage of Brazilian citizens regretted having voted for Bolsonaro in the 2018 elections.
During 67 months as the president of Brazil, Dilma Rousseff faced 68 impeachment requests to be ousted from government, which would amount to an average of more than one petition per month. In the 68th attempt, the Senate found her guilty of administrative misconduct and she was removed from office in August 2016.
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