Apple payments service may boost sales of larger iPhones

[Wireless News]

http://l3.yimg.com/bt/api/res/1.2/Utjrniu4HBjSST13QPObJQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-09-10T123320Z_1007000001_LYNXMPEA890JC_RTROPTP_2_CNEW S-US-APPLE-LAUNCH-RESEARCH.JPG (http://news.yahoo.com/apple-payments-may-boost-sales-larger-iphones-123320317--finance.html)The addition of a mobile payments service to Apple Inc's next iPhone could help to boost sales of the larger-screen phones and claw back market share lost to mobiles running on Google Inc's Android platform. At least six brokerages raised their price target on Apple's stock by as much as $16 to a high of $116 on Wednesday, a day after the launch of the iPhone 6 and the Apple Watch - the first new product introduced by Chief Executive Tim Cook. Piper Jaffray analyst Gene Munster said the "star of the show" was Apple Pay - the company's new wireless payment system. It will allow iPhone 6 and 6 Plus users to pay for a burger at McDonald's Corp or groceries at Whole Foods Market Inc at the tap of a button, using their American Express Co, Visa Inc or Mastercard Inc bank cards.



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