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This question is about Apple.
Apple spends billions of dollars every year on marketing. For example, in 2020 the technology giant spent $1.8 billion on advertising, marketing, and promotions. It is important to note that this figure includes all marketing and promotional materials, not just advertising alone. This spending can vary yearly depending on Apple's ad and marketing strategy.
Apple is one of the most recognizable technology brands in the entire world. And it is arguably the most famous and used brand in terms of its mobile phones (iPhones). With establishments across the globe, it is not hard to understand why the company spends billions of dollars every year on advertising, marketing, and promotions.
Apple's estimated brand value is over 947 billion dollars, and the technology giant beats out Amazon and Google for the title of the world's most well-known brand in 2022. In the years between 2020 and 2021 alone, the company experienced a notable revenue jump.
In 2020, the company made around $275 billion in sales and revenues, and the following year that figure jumped by almost $100 billion, with profits estimated to be around $365 billion.
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