Apple's Beats brand in April unveiled the Powerbeats Pro, a redesigned wire-free version of its popular fitness-oriented Powerbeats earbuds.
Apple Pay Responsible for 1% of Digital Payment Dollars in November, Most Popular at Whole Foods
Apple Pay is seeing impressive early adoption numbers according to a new ITG Investment Research Report on Mobile Payments (via MarketWatch), which suggests Apple's new payment service was responsible for a total of 1 percent of digital payment dollars during the month of November.
Apple still trails industry leaders like Square and PayPal, which captured 18 and 78 percent of digital payment dollars in November, respectively, but ITG analysts suggest Apple Pay is showing strong momentum given that it's available only to customers with the newest hardware and supported by a limited number of merchants.
According to the report, which uses data from ITG's Investment Research consumer panel, 60 percent of new Apple Pay customers used the service on multiple days throughout November, averaging 1.4 use times per week. In comparison, only 20 percent of new PayPal customers used the service multiple times during the same time period.
Among customers who used Apple Pay, Whole Foods was the location where the service was used most, capturing 20 percent of all Apple Pay transactions. Walgreens came in second, with 19 percent of transactions, and McDonald's was third, with 11 percent of transactions. Whole Foods was also saw the highest spending, responsible for 28 percent of all Apple Pay dollars spent.
Available since October 20, Apple Pay is accepted at several of Apple's partner stores and at more than 200,000 retail locations where NFC payments are accepted. Apple has given little indication of Apple Pay's early success, but in October, Apple CEO Tim Cook revealed that Apple Pay had seen more than one million credit and debit card activations during its first 72 hours of availability.
Apple still trails industry leaders like Square and PayPal, which captured 18 and 78 percent of digital payment dollars in November, respectively, but ITG analysts suggest Apple Pay is showing strong momentum given that it's available only to customers with the newest hardware and supported by a limited number of merchants.
According to the report, which uses data from ITG's Investment Research consumer panel, 60 percent of new Apple Pay customers used the service on multiple days throughout November, averaging 1.4 use times per week. In comparison, only 20 percent of new PayPal customers used the service multiple times during the same time period.
Among customers who used Apple Pay, Whole Foods was the location where the service was used most, capturing 20 percent of all Apple Pay transactions. Walgreens came in second, with 19 percent of transactions, and McDonald's was third, with 11 percent of transactions. Whole Foods was also saw the highest spending, responsible for 28 percent of all Apple Pay dollars spent.
Available since October 20, Apple Pay is accepted at several of Apple's partner stores and at more than 200,000 retail locations where NFC payments are accepted. Apple has given little indication of Apple Pay's early success, but in October, Apple CEO Tim Cook revealed that Apple Pay had seen more than one million credit and debit card activations during its first 72 hours of availability.
Related Roundup: Apple Pay
[ 219 comments ]
Top Rated Comments
(View all)
61 months ago
I didn't think I would ever use Apple Pay, but now I use it whenever I can. It feels like the future. I used to get annoyed when people in line ahead of me would fumble for cash, or worse coins, (or god forbid WRITE A CHECK) and hold up the line. Now I get annoyed at the 10 extra seconds it takes to use a credit card. It really is fantastically convenient. I wish I could store my Target card info and other stuff like that on the phone too.
61 months ago
At one point, Steve Job's goal was for the iPhone to get 1% of the phone market.
61 months ago
I can't stand Wegmans!
I know. What's to like? A wide selection of food from inexpensive to foreign to gourmet. Prices competitive with the regular grocery stores. Fish, meat, cheese, produce and bakery sections that put other grocery stores to shame. Rarely a line to wait in. And the employees are always courteous and knowledgeable. What a crock! :eek:
61 months ago
"Most Popular at Whole Foods"
Stereotypes FTW!
For the record: I used it at McDonalds last week on Breakfast Burritos and a large Coffee. Probably as far from "Whole Foods" as one can go. ;)
61 months ago
- They need a way for local merchants / non-chains to be able to take Apple Pay...
There is, it is called accept NFC payments.
61 months ago
"Most Popular at Whole Foods"
Stereotypes FTW!
It's getting real! :cool:
Whole Foods Parking Lot - Music Video (//www.youtube.com/watch?v=2UFc1pr2yUU)
[media=youtube]2UFc1pr2yUU[/media]
61 months ago
Whole Foods because it's the only place I've found to use it (and I suspect most other people too)
61 months ago
And now, it makes up 4% of the phone market.
Goal was 1% of the SMARTPHONE market. Now 4% of the entire market (smart and dumb)
61 months ago
Well Whole Foods was one of the first adopters, and as far as I saw, one of the only stores where it was available at launch.
[ Read All Comments ]
Twelve South today announced the all-new Journal for iPad Pro, a new leather case made specifically for the 11-inch and 12.9-inch iPad Pro models.
Journal for iPad Pro includes a built-in...
There are quite a few discounts on the MacBook Air going on this week, including models from late 2018 and mid 2019. Sales can be found at Best Buy and Amazon, with as much as $350 off...
Chase Bank today announced that it will be shutting down its Chase Pay app for iOS and Android in early 2020, at which point the QR code-based payment service will no longer be available for use in...
Apple has just launched an account on Twitter dedicated to its new credit card, which went live for customers in the U.S on Tuesday.
The official account, which goes by the handle...
Non-profit organization Girls Who Code today announced plans to begin offering a new Swift coding tutorial option for its upcoming 6th to 12th grade clubs as part of Apple’s ongoing Everyone Can Code...
Netflix today introduced a new "Latest" section to its service, which is designed to highlight newly released titles and movies and TV shows that are coming soon.
According to Variety,...
Struggling movie ticket subscription service MoviePass stored thousands of customer card numbers and personal credit cards in a database that was not protected with a password, reports TechCrunch.
...
While it has yet to be announced, we're likely just three weeks away from Apple's annual September event at Steve Jobs Theater, where the company is expected to unveil new iPhone and Apple...
