#9 Edition of The Daily Grind

In today’s newsletter:

• Airpods bring in more $ than top tech companies:AirPods generated $12.1 billion in revenue in 2021, surpassing the earnings of Spotify, Twitter, and Shopify individually.

• Your car knows you in and out: Cars have the worst privacy policies

• Apple loses $200 Billion and some more…

Apple’s Airpods bring in more $$ than top tech companies

Apple's AirPods are a whole different giant leaving top tech companies in the dust. Apple's AirPods generated $12.1 billion in revenue in 2021, surpassing the earnings of Spotify, Twitter, and Shopify individually.

Here are some stats:

• Approximately 150 million units of AirPods have been sold to date since their introduction in late 2016.

• The annual growth rate of AirPods revenue averages at 64.55%, although it appears to be slowing down.

• In Q1 2023, Apple sold $13.5 billion worth of wearables, a slight decrease from the $14.7 billion earned in Q1 2022.

• Over 100 million people are currently using AirPods, with 30% using multiple pairs and 41% using older AirPods alongside newer wireless charging models.

• In Q1 2022, Apple sold an impressive 19.3 million units of AirPods, as reported by Canalys.

• AirPods commanded a 30.9% market share in the true wireless (TWS) market in Q3 2022.

• Although initially introduced in a low-key manner through a brief press release on September 7, 2016, AirPods became a major success story for Apple.

• By 2018, just two years after their launch, AirPods became the best-selling Apple accessory and a flagship product.

In summary, AirPods have emerged as a remarkable success story for Apple, contributing substantial revenue and becoming a staple product in a relatively short span since their launch in 2016.

Your car knows more about you than you do

According to a report by the Mozilla Foundation, car manufacturers, including Audi, Toyota, Mercedes-Benz, and Ford, have been found to have the worst privacy policies among all product categories. These companies failed to meet basic privacy standards, putting your personal information at risk.

Your car and its associated services, like GPS and satellite radio, can collect sensitive data such as your contact information, race, immigration status, and make personal inferences about you based on your location.

Nissan admitted to collecting data about drivers' intimate actions without providing details on how it's obtained. Tesla was ranked the worst in terms of privacy among car brands.

Notably, most major automakers lack an opt-out option in their privacy policies, offer no data encryption, and do not provide a way to delete your information. Additionally, 19 car companies explicitly state that they can sell your data to brokers, marketers, or dealerships.

SNIPPETS

• Apple loses $200Billiion in market value because of China’s iPhone ban

• The G20 summit kicks off tomorrow in New Delhi, bringing together world leaders to coordinate policy for the global economy. President Biden is expected to attend, but China’s leader, Xi Jinping, and President Vladimir Putin of Russia will skip the event.

• UK's Second-Biggest City Birmingham Has Declared Itself Bankrupt.

• The race for Ethereum(ETH) ETFs has started with the first filings for spot ETFs. ARK Invest and 21Shares submitted a proposal for a spot ETH ETF named Ark 21Shares, while VanEck also filed for its own spot ETH ETF. Both filings have named Coinbase as the surveillance-sharing partner. If approved, these funds are set to be listed on the Chicago Board Options Exchange (CBOE).

• The European Commission named six Big Tech companies Alphabet, Amazon, Apple, Meta, Microsoft, and ByteDance — as “gatekeepers,” and will hold them to stricter rules under the Digital Markets Act.

Chart of the day :

COOL SHIT

• The podcast of the day is "How to break out of a rut” by Hidden Brain

• "Slices" is a simple game in which you slice an object so that only one dot appears in each portion.

• Been on this Reddit, r/dataisbeautiful, it focuses on visualizations that effectively convey information.

• Play some Wordle.