“The year 2014 has been a very good year for Apple,” Fred Imbert reports for CNBC. “The Cupertino, California-based company increased its market cap to $700 billion last month and released two new cell phone units: The iPhone 6 and the iPhone 6 Plus. Apple also released Apple Pay, its mobile-payment service, and will release it in the United Kingdom next year.”
“Tavis McCourt, managing director of Raymond James Financial, said in an interview with CNBC’s ‘Squawk on the Street’ that Apple Pay alone would not drive up Apple’s stock, but it would increase the iPhone’s market share,” Imbert reports. “McCourt added that, while there is a natural ceiling for the iPhone’s market share, the company isn’t close to reaching it. ‘They’re taking a rather high-price strategy, so there is a limit,’ he said. ‘But I don’t think that we’re anywhere near that limit.'”
Imbert reports, “McCourt added that, while Android is a ‘very fragmented ecosystem,’ it is still doing very well in some regions of the world. Competition for mobile market share within the U.S., however, is almost nonexistent for the tech giant, he said.”
Read more in the full article here.
MacDailyNews Take: As we wrote last February:
The people who buy content, apps, accessories, and use data participate in Apple’s unparalleled ecosystems. All others can go pound sand; they’re more trouble than they’re worth (which, after the sale, is very little, if anything). Samsung et al. can have them.