Tag Archives: aapl

Samsung Pay could leapfrog Apple Pay, Android Pay

Samsung’s new mobile payments system could spur greater adoption of mobile payments than what rivals Apple (AAPL) and Google (GOOGL) have been able to achieve thus far, Moody’s Investors Service said Monday. Samsung is launching its e-wallet service, Samsung Pay, on Thursday in its home market of South Korea. It will debut in the U.S. on Sept. 28. It also plans to roll out the service in the U.K., Spain and China. Samsung Pay will be installed in

Expected iPhone sales decline not a big deal, analyst says

Apple (AAPL) iPhone unit sales are likely to decline for the first time ever in fiscal 2016, but investors shouldn’t get too hung up about it, Pacific Crest Securities analyst Andy Hargreaves says. Apple stock could remain under near-term pressure because of the potential for iPhone unit sales declines in fiscal 2016, which starts Sept. 27, Hargreaves said in a research report Sunday. But customer loyalty to the iOS platform “should ensure a fairly quick return to growth and sustained (free cash flow) production for several years,” he said. Hargreaves estimates a 12-month fair value price for Apple stock as 139. Apple shares were up 1%, near 117, in afternoon trading in the

Apple scouting test location for self-driving car: report

Apple (AAPL) stock rose a fraction on Friday following a report that provided evidence that Apple is working on a self-driving car. Apple rose 0.7% to 115.96 on the stock market today. British newspaper The Guardian said Friday it had obtained documents that confirm the Cupertino, Calif.-based company is building an autonomous Apple car. The Guardian received correspondence under a public records request that showed Apple is looking to use