Facebook has today announced it is rolling out a new feature for users that will let friends send money to each other, through its Facebook Messenger app. Like similar services, a simple tap allows users to send a cash amount to their recipient in a single step. Read more
Apple reported the largest profit ever recorded by a public company in the holiday quarter, mostly driven by sales of 74 million iPhones with an average selling price of $687. According to Cannacord, this meant Apple captured 93% of handset smartphone profits. Perhaps more staggering is that it claims Apple dominated on similar levels across the entire of 2014 — with 79% of mobile device profits.
The analyst expects continued growth for the iPhone for the next few users, with an estimated 650 million iPhone users by the end of 2018.
Square has just launched a new service called Square Cash, which allows quick money transfers between any two parties using through an email. Contrary to what you might be expecting, you don’t need to sign up or get all of your friends onto Square Cash to share funds. Instead, you just need to link a debit card to your account.