Tim Cook Says Pandemic Boosting Contactless Payment Adoption in United States
During today's earnings call covering the fourth quarter of 2020, Apple CEO Tim Cook was asked about Apple's payment services, where he said that contactless payment usage could see growth in the United States due to the pandemic, where people are aiming to use cash less and less.
As you can imagine in this environment, people are less wont to hand over a card. Contactless payment has taken on a different level of adoption and I don't think we'll go back. The United States has been lagging in contactless payments and I think the pandemic may very well put the U.S. on a different trajectory there. We are very bullish on this area and there are more things that Apple can do in this space so this is an area of great interest to us.
Cook also said that Apple in general continues to be enthusiastic about payment services. Apple Card is "doing well," and Apple Pay is "doing exceptionally well."
Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
Top Stories
Apple has teamed up with Google, Microsoft, and Mozilla to block a web browser root certificate that was being used by the Kazakhstan government to surveil its citizens.
The certificate allowed authorities to monitor people's online activity by intercepting and decrypting HTTPS traffic from residents in Nur-Sultan, the capital city of Kazakhstan. Local ISPs were required to block foreign...
TikTok owner ByteDance has been granted a seven-day extension on an order from the Trump Administration to sell the short-form video sharing platform (via Reuters).
The administration had previously granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. President Trump on August 14 directed ByteDance to divest the app within 90 days.
According...
Apple this weekend has honored the life of late politician and civil rights leader John Lewis with a full-page tribute on its website. A photo of Lewis is accompanied by a quote of his: "Never, ever be afraid to make some noise and get in good trouble, necessary trouble."
Apple CEO Tim Cook yesterday commemorated Lewis in a follow-up tweet. We have lost an American hero. John Lewis guided ...
Apple CEO Tim Cook is set to speak at the United Nations Climate Ambition Summit on Saturday, December 12, reports Reuters.
Co-hosted by the United Nations, the UK, and France, the summit is being held on the fifth anniversary of the international Paris climate agreement and ahead of U.N. talks next year in Glasgow, Scotland. From the Climate Summit website:Leaders across government,...
Apple today announced that Oprah Winfrey will be interviewing President Barack Obama on Apple TV+ series "The Oprah Conversation," with the episode set to air on Tuesday, November 17 at 6:00 a.m. Pacific/9:00 a.m. Eastern.
The interview will cover Obama's memoir "The Promised Land" along with discussions about his legacy, democracy, race, and the American Dream. He will discuss the years...
Apple has secured a multi-year deal with writer, producer, and former host of "The Daily Show" Jon Stewart, which will see him returning to TV following his 2015 retirement, according to The Hollywood Reporter.
Stewart will once again host a current affairs show, exploring topics at the center of national conversation. There's no title yet for the series, which will feature hourlong...
"Extrapolations," an upcoming anthology series about climate change, is coming to Apple TV+, reports Variety. The series was created by Scott Z. Burns, who is writing, directing, and executive producing.
The show will tell "intimate, unanticipated stories" about how changes to the planet will affect "love, faith, work, and family on a personal and human scale." The series will feature 10...
Apple supplier Foxconn has been granted a license to construct a new $270 million plant in Vietnam, likely to manufacture MacBooks and iPads (via Reuters).
The new plant, to be developed by Fukang Technology, will be located in the northern Vietnamese province of Bac Giang. Upon completion, the location is projected to be able to produce eight million laptops and tablets annually....
Apple today released iOS 12.5.1, an update that is available for older iPhones unable to install the iOS 14 update. The update features an Exposure Notifications bug fix.
The iOS 12.5.1 update can be downloaded all on eligible devices over-the-air in the Settings app. To access the new software, go to Settings > General > Software Update.
Apple in December released iOS 12.5 alongside iOS ...
Apple has expressed interest in purchasing video-sharing social media platform TikTok, according to a newsletter snippet from Axios' Dan Primack:Multiple sources tell me that Apple has expressed interest, albeit no sources inside of Apple, and that at least one other strategic has expressed interest. Yes, it would be an unusual deal for Apple, given that TikTok is a cross-platform app, and a...
Top Rated Comments
yes, I know some of you won't like the privacy implications of that, but I for one would gladly ditch my wallet completely.