O'Grady's PowerPage » Finance

Additional 46 banks and credit unions now support Apple Pay, bringing total to more than 425 in U.S.

Posted by:
Date: Tuesday, August 4th, 2015, 08:00
Category: Finance, News

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With any luck, your bank or credit union is now among those supporting Apple Pay.

Apple has once again updated its Apple Pay web site, adding 46 more banks and credit unions to the list of institutions whose customers can set up credit and/or debit cards with the service. The new additions increase the number of banking institutions in the U.S. supporting Apple Pay to over 425 and international support has begun over in the U.K.

The new list of banks and credit unions include the following:

1st United Services Credit Union

Align Credit Union

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Apple Pay now supports HSBC, First Direct banks in UK

Posted by:
Date: Tuesday, July 28th, 2015, 07:37
Category: Finance, News

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Apple Pay has just hit the “international” category.

Apple updated its Apple Pay web site, announcing support for both UK banks HSBC and First Direct. Both banks were announced as starting partners for the UK branch of Apple Pay, but were delayed until late July at the last minute.

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Apple posts Q3 2015 earnings, cites $10.7 billion profit on $49 billion in revenue

Posted by:
Date: Tuesday, July 21st, 2015, 14:53
Category: Apple TV, Apple Watch, Finance, iPad, iPhone, iPod, News, Wearables

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US$49 billion in revenue and a US$10.7 billion profit isn’t chump change.

And that’s the amount that Apple reported for its Q3 2015 earnings today, complete with figures that included profits from sales of the Apple Watch, which was launched on April 24th.

During today’s announcement, the company cited revenues of US$37.4 billion and a net profit of US$7.7 billion, or US$1.28 per diluted share, in the year-ago quarter. Gross margin was 39.7 percent compared to 39.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.

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Apple to hold quarterly conference call on Tuesday, July 21st

Posted by:
Date: Monday, July 20th, 2015, 07:59
Category: Finance, News

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Come tomorrow, we shall be reporting on Apple’s quarterly conference call.

The company announced that it will be broadcasting its quarterly conference call with analysts for Tuesday, July 21st, at 5:00 PM EDT, 2:00 PM PDT.

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Apple Pay launches in the UK

Posted by:
Date: Tuesday, July 14th, 2015, 09:24
Category: Apple Watch, Finance, Hardware, iPad, iPhone, News, retail, Software, Wearables

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As of today, Apple Pay has officially come to the United Kingdom and are available for use in England, Scotland, Wales, and Northern Ireland.

Apple Pay works at participating retail stores and within apps that accept it. Because it requires NFC, it is only available for iPhone 6 and 6 Plus users, and Apple Watch users who have an iPhone 5, 5c, 5s, 6, or 6 Plus. In-app Apple Pay purchases can be made with an iPad Air 2, iPad mini 3, iPhone 6, or iPhone 6 Plus.

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Report shows Apple taking 92% of smartphone industry profits on 20% market share

Posted by:
Date: Monday, July 13th, 2015, 08:16
Category: Finance, iPhone, News

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There’s market share and there’s profits.

And Apple seems to be gobbling up 92 percent of the latter.

A report released by Canaccord Genuity indicate that Apple takes 92 percent of the profits for the entire smartphone industry despite accounting for only 20% of sales.

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Apple Pay arrives at 23 additional U.S. banks, credit unions

Posted by:
Date: Wednesday, July 8th, 2015, 07:39
Category: Finance, News

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Apple Pay was just picked up by another 23 U.S. banks and credit unions.

Here we go:
– American Chartered Bank

– Bank-Fund Staff Federal Credit Union

– Bellco Credit Union

– EFCU Financial

– First Federal

– First National Bank

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Apple to announce third quarter earnings on Tuesday, July 21st

Posted by:
Date: Tuesday, June 30th, 2015, 08:20
Category: Finance, News

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Come Tuesday, July 21st, you shall learn exactly how much money Apple has made this quarter.

I mean, that’s the point of quarterly statements.

Apple announced that it will announce its quarterly earnings for the third fiscal quarter (second calendar quarter) of 2015 on Tuesday, July 21. The quarterly earnings statement will be released around 1:30 PM Pacific/4:30 PM Eastern while a conference call to discuss the earnings report will take place at 2:00 PM Pacific/5:00 PM Eastern.

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Apple decides on royalty rate of 0.2 cents per play during 90-day Apple Music free trial period

Posted by:
Date: Thursday, June 25th, 2015, 07:21
Category: Finance, News, Software

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Apple’s decided on a royalty amount to pay the artists on Apple Music during its 90-day free trial.

And that number is 0.2 cents per play.

The New York Times is reporting that music executives close to the story have stated that Apple has negotiated 0.2 cents per play with the record labels. The amount is comparable to free tier rates paid by competing streaming services.

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Apple reverses position on royalty payments during Apple Music three month free trial period, Taylor Swift’s comments cited

Posted by:
Date: Monday, June 22nd, 2015, 08:41
Category: Apple Music, Finance, News

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Taylor Swift has come forward to criticize Apple Music’s planned three-month trial.

And apparently won.

Which means it might be slightly easier for you to listen to her next 987,752 songs about a breakup.

In a released statement, Swift offered the following comment with regard to the free streaming element:

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