Starbucks customers are a loyal bunch — loyal enough to protest the departure of their beloved eggnog latte, prompting the coffee chain to revive the seasonal favorite, and loyal enough to make the company the No. 1 most-expensed restaurant for business travelers. But would they be loyal enough to someday use a Starbucks (SBUX)-brand mobile payment system outside its coffeehouses instead of Apple (AAPL) Pay? Apple may have been able
Another day, another record high price for Apple stock. Apple (AAPL) shares rose to an all-time high for the third straight day on Friday. Apple peaked at 114.08 in intraday trading on the stock market today. In afternoon trading, the stock was up about 1%, just below its high. In a research report Friday, UBS analyst Steven Milunovich noted that Apple (AAPL) iPhone 6 uptake is strong, according to survey data from Consumer Intelligence Research Partners (CIRP) about the first 30 days of availability. In the four weeks after its U.S. launch, 91% of iPhone buyers chose the latest models. That figure compares with 84% after the launch of the iPhone 5C and 5S last year, he said. In the U.S., the 4.7-inch screen iPhone 6 accounted for 68% of iPhone sales and the 5.5-inch iPhone 6 Plus tallied 23% of sales, CIRP reported. The rest of iPhone sales were for…
Apple’s new mobile wallet for iPhone users will grab between 10% and 20% of payments by 2019, according to a survey of technology executives by investment bank RBC Capital Markets. RBC Capital Markets surveyed 87 tech executives and institutional investors who took part in its Technology, Internet, Media and Telecommunications Conference on Nov. 10 and 11. Apple (AAPL) introduced Apple Pay as part of its iPhone 6 launch on Sept. 9. Apple is taking