“Looking back at it, there was no shortage of announcements during Apple’s WWDC keynote on Monday. An all-new MacBook model, major updates to its desktop and mobile operating systems, and a new Maps app — not bad for an afternoon,” Cody Lee writes for iDownloadBlog.
“But amongst all of the oohs and ahhs of the new products and updates, there was one particular announcement that sort of flew under the radar,” Lee writes. “According to Apple, it now has more than 400 million active credit card-linked iTunes accounts.”
Lee writes, “At first glance, this may not seem like a very big deal. But let’s put this into some context. PayPal, arguably the most well-known digital payment provider, had somewhere in the neighborhood of 250 million accounts as of 2011. And only around 100 million of those were active. This means that Apple, for the sake of this argument, has roughly 4x the reach of the current leader in digital payments.”
Read more in the full article here.