“Apple Pay almost got buried in the blowout profits of Apple’s first fiscal quarter reported today,” Robert Hof reports for Forbes. “But while Apple’s new mobile wallet surely won’t contribute to those profits anytime soon, if ever, it’s clear that new iPhone 6 owners like it. A lot.”
“During the company’s earnings conference call today, Apple CEO Tim Cook said Apple Pay accounts for about $2 of of every $3 spent using contactless payments across Visa, Mastercard, and American Express,” Hof reports. “‘We are more confident than ever that 2015 will be the year of Apple Pay,’ Cook said.”
“Whole Foods, he said, has seen a 400% jump in mobile payments since the October launch of Apple Pay, even though it can accept other mobile payment schemes such as Google GOOGL -2.83% Wallet,” Hof reports. “Panera Bread says Apple Pay is responsible for 80% of its mobile payments”
Read more in the full article here.
MacDailyNews Take: Sleep tight, CVS.
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