Apple now has 400 million active payment accounts, according to Apple CEO Tim Cook. That doesn't necessarily mean Apple is interested, at the moment, in doing much beyond supporting content payments on its own devices.
But all of those 400 million active accounts have active credit cards that can be used on iTunes and the App Store.
PayPal has 110 million active accounts and Amazon.com has 152 million customer accounts.
At least for the moment, Apple seems content to use its payment system in a closed-loop way, as does Starbucks.
Monday, June 11, 2012
Apple has 400 Million Payment Accounts
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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