1) iBeacon is BT so it can''t travel over NFC's magnetic loop.
2) If you aren't going to pull it out of your pocket then are you going to sit up on the counter so your iPhone can get close enough to the NFC sensor to create the secure loop?
3) If you're going to slide your hand in your pocket to initialize Touch ID to allow the purchase to be made then just take the damn thing out of your pocket.
Actually it is very important that you do not have to take the iPhone out of your pocket. All you will have to touch will be the iWatch. Of course the iWatch and the iPhone will have been synched together when you were dressing in the morning. So a confirmation press on the iWatch is equivalent to a confirmation press on the iPhone.
Apple does not make forward looking statements of this kind (1 billion iTunes accounts to start a payment system).
They are very nebulous about their future plans, more so than any other major consumer electronics company. Heck, they sandbag quarterly revenue guidance by offering numbers with a 3 billion dollar window.
You took the blogger's concoction hook, line, and sinker.
In any case, from a consumer marketing perspective, a billion iTunes accounts doesn't make a different. The mobile payment system would initial only work for people who have the iPhone (which is far less than a billion people) and most likely it would be for people with the new handset.
Moreover, a mobile payment system is only appealing to a specific individual if it fits into their spending patterns. This is why NTT DoCoMo hit a 2005 home run with their "osaifu keitai" in Japan: because they got their mobile payment system to work with the most popular transit payment card (Mobile Suica) in the nation (covers Tokyo's subways & metro Tokyo commuter rail lines, JR East).
The iTunes accounts are more interesting as business development fodder to convince merchants to partner with Apple. That's because Apple iPhone owners are in a more desirable demographic (more college educated, higher income, etc.). We see this time and time again in Apple App store versus Google Play store statistics, revenue per device, etc. as well as online shopping statistics.
MC, Visa and Amex supporting NFC? Pretty good but that's still just the backend and not the retailer outlets which are needed to really bring it from being a novelty into the mainstream.
Nordstrome supporting NFC? That's good, it's a retail store, but it's not really a huge win for the tech.
McDonald's supporting NFC? Now that's a win for the infrastructure and ecosystem of the tech.
The Yahoo article is not what I had read. I did find the Q1 transcripts(you linked to Q2) and the information in the Q&A surrounding mobile payments did appear familiar to me as the blogger was reporting it. Since it was not in the transcripts, I can only assume the blogger was trying to leak(or create a rumor) that Apple will launch a mobile payments system at 1 billion iTunes accounts (the statement was made in one simple sentence.)
From a marketing perspective, launching a mobile payment system at 1 billion iTunes accounts is better than launching at 900 million accounts.
Either way, it appears they injected their reporting with their own false perspective.
MC, Visa and Amex supporting NFC? Pretty good but that's still just the backend and not the retailer outlets which are needed to really bring it from being a novelty into the mainstream.
Nordstrome supporting NFC? That's good, it's a retail store, but it's not really a huge win for the tech.
McDonald's supporting NFC? Now that's a win for the infrastructure and ecosystem of the tech.
Apple does not make forward looking statements of this kind (1 billion iTunes accounts to start a payment system).
They are very nebulous about their future plans, more so than any other major consumer electronics company. Heck, they sandbag quarterly revenue guidance by offering numbers with a 3 billion dollar window.
You took the blogger's concoction hook, line, and sinker.
Maybe, unless it was an intended leak, meaning not a false rumor. To be honest, I don't follow how Apple announces things but launching at 1 billion accounts has more impact than launching at 900 million accounts. The blogger's assertion does appear to be reasonable.
Macy's is already in the bag so Nordstrom will follow suit. All the big luxury hotels will have it. All the big sports arenas will have it. All the big franchises will have it. All the airports, the museums, the shopping malls etc...
The best part is that it will rollout globally.
iBeacon will be used in ways that we can't even imagine.
Either way, it appears they injected their reporting with their own false perspective.
Or maybe Apple gave them the goods since everyone is already expecting a mobile payments system in the future. I find it hard to treat 1 billion accounts a false perspective over launching at 900 million accounts. To each their own.
Maybe, unless it was an intended leak, meaning not a false rumor. To be honest, I don't follow how Apple announces things but launching at 1 billion accounts has more impact than launching at 900 million accounts. The blogger's assertion does appear to be reasonable.
Again, there aren't 1 billion iPhone users.
Plus, one can create an iTunes account with no money. You are not required to have a credit card to set one up. A billion iTunes accounts does not equal a billion mobile payment system users.
More interesting is the number of iTunes accounts with linked credit cards, the revenue for those particular accounts and cardholder demographics. That's probably highly confidential information.
The blogger's assertion does not address any of those factors.
Do I have a credit card linked to my iTunes account? Sure. When was the last time an iTunes/App Store charge hit that credit card? I forget, over three years ago at least. I fund my iTunes account with discounted iTunes gift cards (I usually wait for 25% or 30% discounted cards). That's the smart way to fund iTunes/App Store purchases.
Plus, one can create an iTunes account with no money. You are not required to have a credit card to set one up. A billion iTunes accounts does not equal a billion mobile payment system users.
<span style="line-height:1.4em;">More interesting is the number of iTunes accounts with linked credit cards, the revenue for those particular accounts and cardholder demographics. That's probably highly confidential information.</span>
<span style="line-height:1.4em;">The blogger's assertion does not address any of those factors.</span>
I'm not going to respond directly since it seems you are trolling.
Maybe, unless it was an intended leak, meaning not a false rumor. To be honest, I don't follow how Apple announces things but launching at 1 billion accounts has more impact than launching at 900 million accounts. The blogger's assertion does appear to be reasonable.
It has more impact because it's more in a market where more equals better, but in no way does it make since that having 900,000,000 iTunes accounts means they'll not put NFC, SW, and build a complex support structure for mobile payments, but at 1,000,000,000 they will. It also doesn't make sense that no one else heard or reported on this when you claim this was clearly stated in a quarterly earnings call from the world biggest and most secretive company in the world.
First of all, you said January. This story is from April. Second, they are speculating about something that Tim never explicitly said. In other words, they don't know and they are making things up.
The Yahoo article is not what I had read. I did find the Q1 transcripts(you linked to Q2) and the information in the Q&A surrounding mobile payments did appear familiar to me as the blogger was reporting it. Since it was not in the transcripts, I can only assume the blogger was trying to leak(or create a rumor) that Apple will launch a mobile payments system at 1 billion iTunes accounts (the statement was made in one simple sentence.)
From a marketing perspective, launching a mobile payment system at 1 billion iTunes accounts is better than launching at 900 million accounts.
It has more impact because it's more in a market where more equals better, but in no way does it make since that having 900,000,000 iTunes accounts means they'll not put NFC, SW, and build a complex support structure for mobile payments, but at 1,000,000,000 they will. It also doesn't make sense that no one else heard or reported on this when you claim this was clearly stated in a quarterly earnings call from the world biggest and most secretive company in the world.
I've already stated the information was reported by a blogger and not found in the transcripts.
Hmmm. So maybe that "mystery building" outside Flint Center in Cupertino is a pop-up Nordstroms. Or Walgreen's. Or Starbucks. Or all three. And tech journalists will be the first to wave their (demo) iPhones to (pretend to) buy things on September 9th.
I was hoping it was a HomeKit demonstration, with a mocked-up house. But I think an Apple contactless payment system will have far more impact on the general public. Home automation has been around for decades, and it's just not all that exciting. Contactless payment is revolutionary (in the US anyway.)
[quote name="SockRolid" url="/t/182062/apple-reportedly-in-talks-with-nordstrom-over-mobile-payment-partnership#post_2588364"]Hmmm. So maybe that "mystery building" outside Flint Center in Cupertino is a pop-up Nordstroms. Or Walgreen's. Or Starbucks. Or all three. And tech journalists will be the first to wave their (demo) iPhones to (pretend to) buy things on September 9th.[/QUOTE]
Comments
1) iBeacon is BT so it can''t travel over NFC's magnetic loop.
2) If you aren't going to pull it out of your pocket then are you going to sit up on the counter so your iPhone can get close enough to the NFC sensor to create the secure loop?
3) If you're going to slide your hand in your pocket to initialize Touch ID to allow the purchase to be made then just take the damn thing out of your pocket.
Actually it is very important that you do not have to take the iPhone out of your pocket. All you will have to touch will be the iWatch. Of course the iWatch and the iPhone will have been synched together when you were dressing in the morning. So a confirmation press on the iWatch is equivalent to a confirmation press on the iPhone.
Apple does not make forward looking statements of this kind (1 billion iTunes accounts to start a payment system).
They are very nebulous about their future plans, more so than any other major consumer electronics company. Heck, they sandbag quarterly revenue guidance by offering numbers with a 3 billion dollar window.
You took the blogger's concoction hook, line, and sinker.
In any case, from a consumer marketing perspective, a billion iTunes accounts doesn't make a different. The mobile payment system would initial only work for people who have the iPhone (which is far less than a billion people) and most likely it would be for people with the new handset.
Moreover, a mobile payment system is only appealing to a specific individual if it fits into their spending patterns. This is why NTT DoCoMo hit a 2005 home run with their "osaifu keitai" in Japan: because they got their mobile payment system to work with the most popular transit payment card (Mobile Suica) in the nation (covers Tokyo's subways & metro Tokyo commuter rail lines, JR East).
The iTunes accounts are more interesting as business development fodder to convince merchants to partner with Apple. That's because Apple iPhone owners are in a more desirable demographic (more college educated, higher income, etc.). We see this time and time again in Apple App store versus Google Play store statistics, revenue per device, etc. as well as online shopping statistics.
Nordstrome supporting NFC? That's good, it's a retail store, but it's not really a huge win for the tech.
McDonald's supporting NFC? Now that's a win for the infrastructure and ecosystem of the tech.
[LIST]
[*] http://9to5mac.com/2014/09/02/mcdonalds-to-begin-rolling-out-nfc-enabled-mobile-payments-on-september-15th/
[/LIST]
The Yahoo article is not what I had read. I did find the Q1 transcripts(you linked to Q2) and the information in the Q&A surrounding mobile payments did appear familiar to me as the blogger was reporting it. Since it was not in the transcripts, I can only assume the blogger was trying to leak(or create a rumor) that Apple will launch a mobile payments system at 1 billion iTunes accounts (the statement was made in one simple sentence.)
From a marketing perspective, launching a mobile payment system at 1 billion iTunes accounts is better than launching at 900 million accounts.
Either way, it appears they injected their reporting with their own false perspective.
MC, Visa and Amex supporting NFC? Pretty good but that's still just the backend and not the retailer outlets which are needed to really bring it from being a novelty into the mainstream.
Nordstrome supporting NFC? That's good, it's a retail store, but it's not really a huge win for the tech.
McDonald's supporting NFC? Now that's a win for the infrastructure and ecosystem of the tech.
No kidding... When I mentioned McDonald's I was just shooting for the moon. That's huge.
All the big luxury hotels will have it.
All the big sports arenas will have it.
All the big franchises will have it.
All the airports, the museums, the shopping malls etc...
The best part is that it will rollout globally.
iBeacon will be used in ways that we can't even imagine.
Maybe, unless it was an intended leak, meaning not a false rumor. To be honest, I don't follow how Apple announces things but launching at 1 billion accounts has more impact than launching at 900 million accounts. The blogger's assertion does appear to be reasonable.
Again, there aren't 1 billion iPhone users.
Plus, one can create an iTunes account with no money. You are not required to have a credit card to set one up. A billion iTunes accounts does not equal a billion mobile payment system users.
More interesting is the number of iTunes accounts with linked credit cards, the revenue for those particular accounts and cardholder demographics. That's probably highly confidential information.
The blogger's assertion does not address any of those factors.
Do I have a credit card linked to my iTunes account? Sure. When was the last time an iTunes/App Store charge hit that credit card? I forget, over three years ago at least. I fund my iTunes account with discounted iTunes gift cards (I usually wait for 25% or 30% discounted cards). That's the smart way to fund iTunes/App Store purchases.
It has more impact because it's more in a market where more equals better, but in no way does it make since that having 900,000,000 iTunes accounts means they'll not put NFC, SW, and build a complex support structure for mobile payments, but at 1,000,000,000 they will. It also doesn't make sense that no one else heard or reported on this when you claim this was clearly stated in a quarterly earnings call from the world biggest and most secretive company in the world.
His comments are sound.
Why not just grab the transcript from the earning call to prove yourself right?
When you're in a hole, stop digging.
That's not much of an apology for being wrong and jacking the thread.
I was hoping it was a HomeKit demonstration, with a mocked-up house. But I think an Apple contactless payment system will have far more impact on the general public. Home automation has been around for decades, and it's just not all that exciting. Contactless payment is revolutionary (in the US anyway.)
To me that seems too kitschy for Apple.