Analyst: Apple Pay, Apple Card and Apple Pay Cash revenue will exceed $1 billion in 2020

Apple Pay, Apple Card and Apple Pay Cash revenue will exceed $1 billion in 2020, writes Cowen analyst Krish Sankar in a note to clients.

Created by Apple and designed for iPhone, Apple Card brings together Apple’s hardware, software and services to transform the entire credit card experience.
Created by Apple and designed for iPhone, Apple Card brings together Apple’s hardware, software and services to transform the entire credit card experience.
Phillip Elmer-Dewitt for Apple 3.0:

The Apple Pay, Card, and Cash products (payments platform) collectively have shown robust 100%+ Y/Y growth in recent years and with the ongoing COVID-19 virus we believe usage and penetration of Apple’s digital payments offerings has only accelerated further. While Apple has portrayed these digital services as complementary to its mobile hardware platforms, we believe future scaling out of these services globally coupled with increasing depth and sophistication of them could position Apple as an emerging contender in the fintech space. We conservatively forecast overall Apple payments platform revenues will exceed $1B for the first time in CY20 and quickly exceed $2B by CY22. — Krish Sankar, Cowen

Cowen reiterated an “Outperform” rating and maintains their $133 price target on Apple.

MacDailyNews Take: We love Apple Pay, Apple Card and Apple Pay Cash!

3 Comments

  1. Apple pay and other Apple products and services convince me that the garden is beneficial for me and humanity while God kicks people out of Its garden. While Apple thinks that good stuff is good, God thinks that good stuff is bad. Shame on It and shame on Fundie Sleazy Snake Greg Laurie who got Covid-19 for hobnobbing with super spreader Donald who, in Christian terminology, is a heretic but Greg knows this. Greg said that Covid-19 is God’s good gift. That’s why I think the Western God is vindictive, deceptive, and dictatorial who operates based on fear and punishment. In other words, It’s a psychopathic entity and concept.
    I am getting that iPad.

  2. God is many things, to many people. On the other hand, your comment here renders you foolish and scary to everyone who reads it.

    Paranoid, bitter, schizophrenic, religion-opposer. Maybe you had rough childhood or are on drugs.
    If you choose to not believe in any higher power that’s up to you but why you, and many others, bash good people who try to lead good lives is beyond comprehension. Choose what you want; leave others alone to enjoy their constitutional rights in peace.

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