Wall Street Is Really Into Apple Pay; Apple Watch, Not So Much


Apple analysts are very excited about the company’s newest product. No, not the Apple Watch — but rather Apple Pay

“While the new iPhones and watch delivered on high expectations, we believe that Apple Pay was the star of the show and should fuel investor belief that Apple could develop a meaningful payments service that could improve earnings over time,” Gene Munster, an Apple analyst with Piper Jaffray, wrote in an investor note provided to Mashable

The payments service will use Near Field Communication (NFC) chips to enable shoppers to swipe their phones in stores rather than their credit cards. Apple has partnered with several big banks and credit card companies for transactions on the platform and says the service will work in more than 200,000 retail locations in the United States Read more…

More about Apple, Business, Gadgets, Apple Watch, and Apple Pay

via Mashable http://ift.tt/WTG5FA

Seth Fiegerman


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s