Apple Ships 3.8M Apple Watches In Q1

PYMNTS

Apple led the charge in the wearable band market during the first quarter of this year, with Canalys finding that the company shipped 3.8 million Apple Watches during the first three months of the year. Behind Apple, Xiaomi , which makes the Mi Bands, was in second place, shipping 3.7 Canalys noted that Apple Watch shipments matched the volume from the first quarter of last year. Apple represents 59 percent of the total cellular-enabled smartwatch market.

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Jet Becomes Authorized Apple Reseller

PYMNTS

Jet , the online retailer owned by Walmart , announced Wednesday (May 9) that it is now part of Apple ‘s authorized reseller program. According to a report in 9to5Toys , Jet becoming an authorized Apple reseller is huge for its online battle against Amazon. The source noted that Jet will be selling the full suite of Apple products while Amazon only sells a few products. Walmart has long been an authorized reseller of select iPhones, iPad, and Apple accessories.

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Apple Pay Goes to Brazil

Bank Innovation

Mobile payment platform for Apple users, Apple Pay is now available in Brazil thanks to a partnership with the country’s biggest private lender, Itaú Unibanco Holding SA, the company announced today. Exclusive Mobile Payments Apple Pay Mobile Payments P2P payments

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For Goldman And Apple, One Word: Plastic (Cards, That Is)

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News came Thursday (May 10) that Apple and Goldman Sachs Group are in the midst of bringing a joint credit card to market. In terms of details, noted The Wall Street Journal , the card would be issued under the Apple Pay designation and may come to market early next year. The move by Goldman and Apple has a cross-pollination effect of sorts. In an example of that momentum, in Apple’s latest earnings report, in early May, the company said it sold 2.9

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Could A New Credit Card Put Apple Pay’s S-Curve In Motion?

PYMNTS

Apple and Goldman Sachs Group are in the midst of bringing a joint Apple Pay-designated credit card to market. The news comes at a critical juncture in the product lifecycle of Apple Pay. But Apple Pay’s adoption “curve?” After nearly 40 months on the market, adoption of Apple Pay has been essentially flat. The percentage of smartphone users who used Apple Pay for their last transaction, at a place where they could have, has changed.

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Apple Tops Global Smartphone Sales

PYMNTS

Driven by demand for the iPhone X, Apple captured 51 percent of the revenue in the world’s wholesale smartphone market. Apple’s global wholesale smartphone revenue reached $61.4 Manufacturers other than Apple, Huawei and Samsung took in a combined $31.5 With higher smartphone prices, Apple may have seen a boost to its top-line revenue. Apple sold a total of 77.3 Kuo also predicted that Apple will stop producing the premium model in 2018.

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Apple Works On Magazine Subscription Service

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As Apple seeks to bring in more revenue from online services and content, the tech company plans to integrate the technology behind Texture into its Apple News mobile app and develop a premium magazine subscription offering, Bloomberg reported. Apple acquired Texture last month, which offers users subscriptions to more than 200 magazines for a monthly fee of $9.99. Following the acquisition, Apple reportedly cut approximately 20 jobs from Texture.

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Apple Keeps It Within The Family For Apple Pay Cash Beta

PYMNTS

Rumors are swirling that Apple is currently testing Apple Pay Cash internally using iOS 11.1 was released in beta to developers last week, but not everyone received Apple Pay Cash. The new service was announced at Apple’s Worldwide Developers Conference over the summer, but the feature wasn’t included when iOS 11 launched to the public last month. When users receive money, they can transfer it to a bank account or spend it using Apple Pay online or in retail stores.

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Apple’s $250B Cash Hoard

PYMNTS

When Apple comes out with earnings later this week, it is widely expected to report that its cash on hand has met and exceeded the quarter of a trillion dollars mark. Apple, if its free cash meets expectations, will have roughly doubled its holding in a little over 4.5 years — in the last quarter of last year Apple was reportedly bringing in about $3.6 soil would give Apple flexibility to do more capital returns — though what that might look like remains unknown.

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PayPal’s New Apple Partnership Leaves Square on the Outskirts

Bank Innovation

Square may have Apple Pay, but PayPal is the one with access to the rest of Apple. Exclusive Mobile Online Payments Apple Pay Apple Pay Cash mobile shopping Online shopping PayPal Siri Square voice commerce

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Did Apple’s ‘Red Circle’ Tactic Lead to More Active Pay Users?

Bank Innovation

The number of consumers making use of Apple’s mobile payment service is increasing, but are these users really, well, using it? Cards Exclusive Mobile Payments Apple Apple Pay auto-enrollment debit cards earnings Mobile Payments online payments

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How Apple Pay Cash, Apple’s P2P Service, Will Work

Bank Innovation

Fall is around the corner and prepaid card issuer Green Dot, which is the regulated bank partner for Apple Pay, has updates on Apple’s P2P money transfer service that will launch in the coming months. Cards Exclusive Mobile Payments Apple Pay Green Dot Mobile banking PayPal prepaid card Square Cash Venmo

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Apple Pay to Add Ecommerce Features, Expand to Brazil

Bank Innovation

EXCLUSIVE— Apple will continue to widen the reach of its mobile payment service Apple Pay by adding new ecommerce capabilities and bringing the feature to new countries, CEO Tim Cook said during yesterday’s earnings call.

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The Apple Pay Pivot?

PYMNTS

Apple Pay Reportedly Feels Some Merchant Love. The team at Piper Jaffray published some good news on Apple Pay. According to its survey of 507 vendors of merchant processing systems, Apple Pay is the most requested mobile digital payments service among retailers.

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Huawei Edges Out Apple In China

PYMNTS

A study of 1,000 Chinese consumers indicates that for the first time, local maker Huawei has edged out Apple for being the number one smartphone consumers are preparing to purchase. in China, Apple is having overall performance issues as all new models are underperforming past launches.

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Apple Pay Transactions Skyrocket Amid Global Expansion

Bank Innovation

Mobile wallet adoption may not be gaining traction for most, but Apple is an exception. During the quarterly earnings call yesterday, the tech giant unveiled Apple Pay growth stats from its global markets, citing a 450% increase in transaction volume in “the last 12 months.”

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Can Apple’s ‘Lose Your Wallet’ Event Attract Users To Apple Pay?

PYMNTS

Apple wants people to lose their wallets. These 36 merchants all accept Apple Pay, and all will be offering exclusive discounts over the weekend – between 10 percent and 25 percent off – for customers using the mobile payment service. Square will be opening additional pop-up shops along Hayes Street and the Marina to offer even more exclusive Apple Pay offers. But Apple is optimistic. But in a good way.

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Apple Pay, Masterpass Come to MTA eTix

Bank Innovation

Earlier this week, it was announced that both Apple Pay and Masterpass are now integrated into MTA’s eTix, meaning that the millions who use the MTA trains to get into and out of New York City every day can purchase tickets digitally.

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Apple Revenue Soars, Device Sales Drop

PYMNTS

To say that Apple didn’t sell a lot of phones during the holiday season would not be fair. Saying Apple didn’t make money during its first fiscal quarter of 2018, would not be fair, either. But it would be fair to say that Apple’s latest earnings report managed to underwhelm nearly everyone, despite the impressive company milestones recounted by Apple CEO Tim Cook in his opening remarks. “We’re By the numbers, Apple reported revenue of $88.3 Apple sold 77.3

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Morgan Stanley Piles On Apple, Lowers iPhone Shipment Forecast

PYMNTS

Apple doesn’t report earnings until May 1, but that hasn’t stopped Wall Street analysts from cutting their forecasts for iPhone shipments, with Morgan Stanley the most recent to pile on. Meanwhile, in the same week, Taiwan Semiconductor Manufacturing Company (TSMC) warned that sales will come in $1 billion less than analysts had been expecting – and with Apple, the main supplier for the company, that led to renewed fears that the iPhone X isn’t doing well.

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Apple Launches P2P Payments, Competing with Zelle, Venmo

Bank Innovation

Apple has launched its person-to-person payments service in the U.S. Apple’s payments offering is now available in iOS 11.2 Users will notice an Apple Pay button in their iMessage. The feature lets users send and receive money through iMessage.

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Apple Pay’s New News

PYMNTS

Apple has surely managed to deliver a lot of hype with the launch of its mobile payments platform, but according to the numbers so far, it hasn’t really managed to deliver a hit. Apple Pay continues to have its boosters, and Tim Cook remains unspeakably enthusiastic about its future. He recently told Asian journalists that consumers are ready to be done with cash, and Apple is ready to help them get there. “We percent of credit card transactions stemming from Apple Pay.

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Apple Removes MyEtherWallet Fake App

PYMNTS

Apple pulled a paid iOS app from its App Store on Monday (Dec. Apple spokesman Tom Neumayr said in an email that the paid app had been removed, though he did not share how many customers had purchased the app or if Apple would refund those impacted customers. Apple’s problem with the fake app in the App Store comes at a time when Apple developers in China, which number 1.8

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Apple’s Political Risk

PYMNTS

Apple’s approach to international and domestic relations could be described as heavy-handed with a level of disregard for political risk. 23) that regulators in Japan may take antitrust action against Apple. The action is based on antitrust violations that Apple may have committed in Japan, one of the company’s most profitable markets. But this is not the only antitrust or legal action that Apple is facing. Let’s take a look in other regions where Apple has dabbled.

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Affirm Integrates Its Virtual Card with Apple Pay

Bank Innovation

Startup Affirm is embedding its technology into the Apple ecosystem, allowing customers to load the company’s virtual card into Apple Pay, the startup announced today. Exclusive Lending Mobile Affirm Apple Pay lending Mobile Payments POS lending

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Apple Delays HomePod Until 2018

PYMNTS

Apple announced today (Nov. We can’t wait for people to experience HomePod, Apple’s breakthrough wireless speaker for the home, but we need a little more time before it’s ready for our customers,” Apple said. “We’ll Apple did not give a reason for the delay. Apple Amazon Echo Google Homepod Innovation News Retail Smart Speaker voice-activated speaker What's Hot17) that it’s delaying the launch of its HomePod voice-activated smart speaker until early next year.

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Things Are Changing For The “Apple Story,” Says Gene Munster

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Following a vote of confidence from Warren Buffett, Gene Munster said that Apple has stepped into a new era. And, even though Berkshire Hathaway purchased nearly 75 million shares in the tech firm in the first quarter, that is only one sign of Apple’s changing story, CNBC reported. Munster said that sales of Apple’s iPhone have now stabilized. And Apple’s formidable cash position could communicate to investors the possibility of more buybacks. “We Apple sold 52.2

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Apple Pay Users to Double in 2017

Bank Innovation

According to a recent report, Apple tops the charts with its digital wallet, and is expected to nearly double Apple Pay userbase this year. The study, released by Juniper Research this week, estimates that Apple Pay will hit 86 million users in […].

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Apple Leads Global Wearables Growth

PYMNTS

The worldwide wearables market hit new highs last year, with Apple moving past competitors Fitbit and Xiaomi to take the top spot. And while Apple has lagged behind competitors Fitbit and Xiaomi in years past, it finally claimed the top spot in 2017. Interest in smartwatches continues to grow, and Apple is well-positioned to capture demand,” added Llamas. What will bear close observation is how Apple will iterate upon these and how the competition chooses to keep pace.”.

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Apple Pray: why has Apple Pay failed?

Chris Skinner

Then got my answer, although it isn’t a singular factor but a combination … The post Apple Pray: why has Apple Pay failed? I was talking the other day to a colleague about the phenomenon in Asia, India, Africa and South America taking place with mobile payments and the lack of take-up in the USA. Why is this, I wondered? appeared first on Chris Skinner's blog. Fintech Grid Innovation Opinion Payments Technology

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Volusion Brings Apple Pay To Its eCommerce Customers

PYMNTS

30) that it’s partnering with Apple Pay to create a “Buy Now” button for its merchants. In a press release, Volusion said merchants can now accept Apple Pay , eliminating the need for customers to enter their payment, shipping or contact information every time they make a purchase online. “In We know merchants using Apple Pay see two to five times higher conversion at checkout compared to other payment options and see more than 50 percent faster checkout times.

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Apple Pay Coming Soon To Poland, Norway, Ukraine

PYMNTS

Apple is in expansion mode when it comes to Apple Pay, with the digital payment service arriving in three new countries. According to news from 9to5Mac , during a conference call to discuss fiscal second-quarter results with Wall Street on Tuesday (May 1), Apple Chief Executive Tim Cook confirmed Apple Pay will make its debut in Norway, Poland, and the Ukraine in the next several months. Apple sold 52.2

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Apple Targets iOS In The Enterprise With Accenture

PYMNTS

Apple is going after iOS in the enterprise through a new collaboration with business services firm Accenture. The Apple-Accenture collaboration sees Accenture establishing an iOS practice within its Accenture Digital Studios. Starting 10 years ago with iPhone, and then with iPad, Apple has been transforming how work gets done, yet we believe that businesses have only just begun to scratch the surface of what they can do with our products,” said Apple CEO Tim Cook in a statement.

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Apple Watch Sales Expected to Rise In 2018

PYMNTS

The Apple Watch has been driving the wearables market – the company saw sales jump 60 percent in 2017, with 16 million units shipped. In the wearable category, CCS Insight said smartwatches are the most associated product, led by the Apple Watch. The firm estimated that around one quarter of the Apple Watch sales in the fourth quarter of last year were the Apple Watch that has built-in cellular, enabling consumers to make payments and phone calls. “It’s

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Is Apple Cutting Chinese Banks An Apple Pay Fee Deal?

PYMNTS

It wasn’t easy for Tim Cook to get Apple Pay into China, but his company was finally able to make that vision a reality last week (Feb. Now, however, new details have surfaced as to why China’s banks were finally ready to jump on the Apple Pay bandwagon.

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Apple HomePod Makes Debut Amid Mixed Reviews

PYMNTS

The long-awaited, Siri-powered Apple HomePod smart speaker is finally available for purchase, but users’ reviews are coming back mixed, according to news from CNBC. The HomePod’s sound quality, one of the main reasons the Cupertino, California-based technology company took so long to bring the smart speaker to market, has emerged as a positive for Apple, but its inability to integrate with devices outside the iPhone, iPad, Mac or other Apple products will limit its proliferation.

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Apple Unblocks Tipping Ban On WeChat

PYMNTS

WeChat’s nearly 1 billion users will soon be able to resume sending tip-style gifts on their iPhones, thanks to a recent deal between Apple and Tencent. Last April, Tencent announced that it had to “regrettably” abolish the feature after Apple barred developers from including buttons or links that direct customers to purchasing systems outside of its iOS ecosystem. As a result, those transactions would be subject to Apple’s 30 percent cut of the transaction.

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Apple’s P2P Service Lacks a Key Component: ‘Informal’ Engagement

Bank Innovation

Among the many innovative products announced during Apple’s WWDC 2017 yesterday (like this iMac Pro, or these cool smart speakers), the tech giant’s new P2P payments service got the FI spotlight.

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The New Beginnings Edition: Apple, Uber And Goldman Sachs

PYMNTS

Apple’s New Chip Groove. Last week’s reports suggest that Apple will soon wave goodbye to its long-term chipmaker, Intel, in favor of making its own chips for Mac computers. The transition, which has reportedly been code-named Kalamata, remains in its infancy – though the broad stroke is said to have been approved by Apple’s executive leadership. The announcement that Apple was considering going its own way, chip wise, was enough to send Intel shares tumbling 6.1

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Apple’s China Data Conundrum

PYMNTS

By shifting some of its iCloud operations to the Chinese mainland, Apple ’s latest corporate actions have raised eyebrows and debate around data privacy. As Apple moves those operations to China, and works to store Chinese iCloud data with a local firm, it means, in effect, that Chinese authorities have a shorter path to accessing that data — theoretically — or even spying on Apple customers there. Where there are servers, data resides.

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