china February 17

AAPL: 98.12

1.48
Stock Chart

After a number of reports in recent months regarding Apple’s preparations to launch its Apple Pay payments service in China, the company today announced the service is now available to customers in the country.

The announcement comes via Apple’s news site for developers and notes that apps and goods in the country can now accept the Apple Pay payments service using supported credit and debit cards. 

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china February 16

AAPL: 96.64

2.65
Stock Chart

Industrial and Commercial Bank of China (ICBC) has confirmed earlier reports that Apple Pay would launch in China this week, social media posts stating that its service will go live on Thursday 18 February. A further 18 lenders are signed up to the service, Reuters reporting that two of them – China Guangfa Bank Co and China Construction Bank Corp – will launch on the same day as ICBC.

Apple has been working on bringing its mobile payment service to China for some time, creating a Shanghai-based company to manage the rollout back in September of last year, with this month long rumored to be the target launch date. China will be the fifth country to go live, after the USA, UK, Canada and Australia.

As Reuters notes, however, Apple may face something of an uphill battle in signing up users in China …

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china February 15

AAPL: 93.99

0.29
Stock Chart

A new report French website iGen indicates that France could be seeing an Apple Pay announcement in as early as the first half of this year. While Apple announced the UnionPay partnership for China two months ago, there has yet to be any signs that other additional countries outside the US and UK (aside from Australia and Canada’s American Express arrangement) would be seeing Apple Pay any time soon. Other reports believe that China could be seeing Apple Pay, which is promised to go live in early 2016, activated as soon as this Thursday at 5 AM (Beijing time).

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9to5toys 

china February 4

AAPL: 96.35

1.87
Stock Chart

In the days following Apple’s record Q1 earnings announcements, Apple CEO Tim Cook and other top Apple executives held a Town Hall meeting at the Infinite Loop headquarters in Cupertino to reveal new announcements and take attendee questions.

Multiple sources in attendance at the event said that Cook as well as newly appointed Chief Operating Officer Jeff Williams each spoke and made announcements and teases related to new employee benefits, future iPad growth, Apple Watch sales, future retail stores in China, Apple Campus 2, and the future product pipeline.

Cook also fielded questions from the audience, attempting to reduce concerns related to the company’s iPhone dependence, discussing porting more Apple services to Android, growth in India, and releasing cheaper iPhones to appease growing markets.

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china January 27

AAPL: 93.42

-6.57
Stock Chart

After literally years of analysts claiming that we’ve reached ‘peak iPhone’ – that Apple’s year-on-year growth had gone as far as it could go – that day has finally arrived. iPhone sales last quarter were essentially flat (up just 0.4% year-on-year), and the company yesterday forecast that this quarter will see its first ever year-on-year decline in revenue since 2003.

If Apple hits the midpoint of its projected revenue for the current quarter, it will suffer a year-on-year fall in income of 11%. For the first time in 13 years, the ‘Apple is doomed’ merchants can cite real-life numbers as support for their position.

The reality, of course, is far more nuanced. There are some very specific reasons why the current quarter will be such a tough one, and why ‘peak iPhone’ is likely to be temporary, and I’ll get to those in a moment. But there’s also a bigger picture that suggests that Apple may have to be willing to think the unthinkable when it comes to the huge margins it has been able to enjoy to date …

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china January 25

AAPL: 99.44

-1.98
Stock Chart
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