O'Grady's PowerPage » Finance

Apple comes up against roadblocks, regulatory concerns in bringing Apple Pay to Chinese marketplace

Posted by:
Date: Wednesday, February 18th, 2015, 05:46
Category: Finance, Legal, News, Software


Apple may have a few roadblocks before it can get Apple Pay into the Chinese marketplace.

As introduction efforts proceed, China’s central bank, UnionPay bank-card service and e-commerce giant Alibaba Group Holding Ltd. are standing up to Apple’s effort to bring the Apple Pay no-card-no-cash payment system to iPhone users in China.

At the same time, Apple has not yet “acknowledged regulators,” and as a result, “it’s unclear whether the product meets the government’s requirements” for a commercial operation.

Apple is also struggling with its relationship with UnionPay, China’s state-owned credit- and debit-card system operator. Sources close to the companies said that talks aimed at an agreement that would open China to Apple Pay have stalled.


JetBlue to begin accepting Apple Pay on international flights next week, domestic flights later this year

Posted by:
Date: Tuesday, February 10th, 2015, 07:31
Category: Finance, iPhone, News


This is sort of cool.

While assorted vendors are lining up and adding support for Apple Pay, JetBlue Airways has announced that it has become the first airline to use Apple Pay to purchase things in-flight starting next week.

Starting next week, passengers on select JetBlue Airways flights can use Apple Pay on their iPhone 6 and 6 Plus handsets to buy food, drinks and certain onboard amenities when the plane reaches cruising altitude. You’ll be able to upgrade to available premium seats via Apple Pay as well.


Apple to convert failed GT Advanced Technologies Arizona factory into data center

Posted by:
Date: Tuesday, February 3rd, 2015, 08:47
Category: Finance, Hardware, iPad, iPhone, News


Remember that whole sapphire iPhone screen thing? When an idea goes south, you can still use the intended facility for something.

Following GT Advanced Technologies’ plans to file for Chapter 11, Apple appears to be swooping in with a plan to invest US$2 billion to convert their Arizona factory into a data center.

The more than 1.3 million-square-foot building, which was once a solar-panel factory, was a key part of Apple’s efforts to bring manufacturing back to the U.S. after years of relying on Asian suppliers to build the company’s iPhones, iPads and Mac computers. While Apple had promised to bring jobs to the area even after the bankruptcy, the data center will probably employ fewer staff compared with an operation churning out components for iPhones.


In spite of lower year-over-year iPad sales, Tim Cook says not to worry

Posted by:
Date: Thursday, January 29th, 2015, 08:37
Category: Finance, Hardware, iPad, iPhone, News, retail


iPad sales may be on the decline, albeit Apple CEO Tim Cook says not to worry.

Per 9to5Mac and Macworld, Apple’s recent financial report noted “all-time record revenue from iPhone and Mac sales as well as record performance of the App Store,” while remaining silent on iPad sales. With year-on-year sales down 18%, and a reduction in average selling price meaning revenue was down 22%.

Tim Cook acknowledges that the switch to larger-screened iPhones mean the iPad is being squeezed from both sides.

“There’s probably some level of cannibalization that’s going on, with the Mac on one side and the phone on the other,” said Cook.


Apple posts $74.6 billion in revenue, $18 billion in profit for Q1 2015 financial report

Posted by:
Date: Tuesday, January 27th, 2015, 17:48
Category: Finance, iPad, iPhone, News


It was a good quarter for Apple.

Per 9to5Mac, Apple announced its Q1 2015 earnings results today, the company reporting US$74.6 billion in revenue and earning US$18 billion in profit during the three-month period.

The results showed a gross margin of 39.9 percent compared to 37.9 percent in the year-ago quarter. International sales accounted for 65 percent of the quarter’s revenue.


Western Union adds Apple Pay support for services

Posted by:
Date: Tuesday, January 27th, 2015, 11:29
Category: Finance, iOS, News, retail


Western Union’s always been useful and Apple Pay support can only make it better.

Per 9to5Mac and BusinessWire, Western Union announced today that it’s now accepting Apple Pay, Apple’s new iPhone-based NFC payment service, across all of its flagship locations in the US.

That means you can now use the contactless payment service to send money and pay bills through Western Union stores as well as kiosks in around 7,600 Walgreens and Duane Reade stores.

Launched at Western Union’s flagship 1440 Broadway in New York City—with more participating Western Union Agent locations to follow—customers will be able to use their iPhone 6 to fund a Western Union Money Transfer transaction or bill payment.


Analysts highlight extremely strong iPhone sales in China over last quarter

Posted by:
Date: Monday, January 26th, 2015, 17:04
Category: Finance, iPhone, News


The Chinese marketplace apparently loves the iPhone 6.

Per MacRumors and Financial Times, according to analysts from financial firm UBS, China accounted for 36 percent of iPhone shipments in the most recent quarter, compared to 24 percent for the U.S. The analysts also compared the numbers to 2013, noting that a year before China accounted for only 22 percent of shipments with the U.S. at 29 percent.

Creative Strategies analyst Ben Bajarin concurs with the UBS report, believing around 2 million more iPhones were sold in China than in the U.S. during the quarter. With the upcoming launch of the Apple Watch, he also believes it’s just the beginning of the country’s fiscal dominance over Apple sales.


Apple earnings estimates begin to come together

Posted by:
Date: Monday, January 26th, 2015, 09:24
Category: Finance, iPhone, News


It’s impossible to say what Apple’s exact earnings will be until they’re announced on Tuesday, but the cool cats at Bloomberg are beginning to put some numbers together.

Over on their Apple stock page, the current estimates are pointing towards 17 percent growth in revenue and net income boosted by holiday sales of devices like the iPhone 6 and iPhone 6 Plus.


Software industry now officially bigger than Hollywood with Apple paying $10 billion to developers in 2014

Posted by:
Date: Friday, January 23rd, 2015, 15:37
Category: Finance, News, Software


It’s official: Software is now more profitable than Hollywood, baby.

Per the results over at Asymco and the box office receipts over at Box Office Mojo, Apple’s App Store receipts outgrossed movie receipts in 2014.

Apple paid US$10 billion to developers in calendar 2014. Additional statistics for the App store are as follows:


Apple purchases Semetrics music analysis service, puts itself in better position to track users’ music listening habits

Posted by:
Date: Wednesday, January 21st, 2015, 13:43
Category: Finance, News


Apple’s interested in what you’re listening to.

Especially if it helps to justify having spent several billion dollars for Beats.

Per The Guardian, Apple has acquired British startup Semetric, which runs the Musicmetric analytics tool, as part of its plans to relaunch its Beats Music streaming music service later in the year.

In documents filed with Companies House earlier in January, Semetric’s registered address was changed to 100 New Bridge Street in London – the office of law firm Baker & McKenzie, which is also the registered address of Apple Europe Limited.

Meanwhile, senior Apple attorney Gene Levoff was appointed as a director of Semetric in October 2014, according to another published through Companies House in January.