“Along with the launch of its iPhone 6/6 Plus phones, Apple introduced its very own contactless mobile payment system known as Apple Pay. Unsurprisingly, with the launch of its own Galaxy S6 smartphones, Apple rival Samsung released its own, very creatively named mobile payment system known as Samsung Pay,” Ashraf Eassa reports for The Motley Fool. “Also, it would seem that Apple Pay is utterly crushing Samsung Pay.”
“Samsung recently bragged that its Samsung Pay service is now up to 5 million users and they have spent ‘over $500 million’ over the last six months,” Eassa reports. “In sharp contrast to this, Apple CEO Tim Cook recently said on the company’s January earnings call that customers ‘have spent billions of dollars with Apple Pay.’ Furthermore, Cook said that during the second half of 2015, the iDevice maker saw “a significant acceleration in usage,” claiming that the rate of growth during the second half was 10 times greater than that in the first half of the year.”
“Note that these results were recorded before Apple introduced Apple Pay to the China market earlier this month,” Eassa reports. “At the end of the day, I believe that Apple will continue to aggressively roll out Apple Pay worldwide, doing the necessary work to make sure that this service is an integral part of the iPhone ownership experience. Samsung will continue to try, too, but it will — like so many of the other features that it has introduced in its flagship devices over the years — merely be a gimmicky selling point so that it too can say that it has its own mobile payment service.”
Read more in the full article here.
MacDailyNews Take: Every me-too “feature” Samsung tries to knock off from Apple is inferior. Sometimes slightly, sometimes massively, but it all adds up. Call it a “compounding inferiority complex.” Versus the iPhone experience, Samsung phones are junk. Versus the iPad experience, Samsung tablets are junk.
That’s why we call them “Android settlers.” They settle for less than the best for no good reason. They cut off their noses to spite their faces.
BTW, the feeling of security that “Samsung Pay” engenders must be absolutely glorious. (smirk)