Upcoming Apple Pay shopping event in San Francisco offers discounts for iPhone-based mobile payments

i love Apple Pay, but to call it a "considerable driver of revenue" is a bit of a stretch. They make .15 cents on every $100 spent.

from 2015:
"Piper Jaffray’s low-end estimate forecasts that this fee will bring in $118 million in revenue in 2015, increasing to $310 million in 2016. On the high end, Nomura’s equity analysts estimated it could account for $1.6 billion in revenue by 2017 – two years from now."

NY1822 said:

i love Apple Pay, but to call it a "considerable driver of revenue" is a bit of a stretch. They make .15 cents on every $100 spent.

from 2015:
"Piper Jaffray’s low-end estimate forecasts that this fee will bring in $118 million in revenue in 2015, increasing to $310 million in 2016. On the high end, Nomura’s equity analysts estimated it could account for $1.6 billion in revenue by 2017 – two years from now."

Well, it's just a part of their overall digital services, which are considerable. Each component part just has to perform solidly to add up to a monster revenue stream.

NY1822 said:

i love Apple Pay, but to call it a "considerable driver of revenue" is a bit of a stretch. They make .15 cents on every $100 spent.

from 2015:
"Piper Jaffray’s low-end estimate forecasts that this fee will bring in $118 million in revenue in 2015, increasing to $310 million in 2016. On the high end, Nomura’s equity analysts estimated it could account for $1.6 billion in revenue by 2017 – two years from now."

I think $1.6 billion in revenue in a year with what I assume is low overhead is considerable.

This site lists Square's entire revenue stream for 2016 as only $1.7 billion, which I've read elsewhere was up about 500% YoY (but I don't have a citation for that so I could be misremembering that stat).

• https://www.inc.com/profile/square?cid=full500016-list-763

Soli said:

NY1822 said:

i love Apple Pay, but to call it a "considerable driver of revenue" is a bit of a stretch. They make .15 cents on every $100 spent.

from 2015:
"Piper Jaffray’s low-end estimate forecasts that this fee will bring in $118 million in revenue in 2015, increasing to $310 million in 2016. On the high end, Nomura’s equity analysts estimated it could account for $1.6 billion in revenue by 2017 – two years from now."

I think $1.6 billion in revenue in a year with what I assume is low overhead is considerable.

This site lists Square's entire revenue stream for 2016 as only $1.7 billion, which I've read elsewhere was up about 500% YoY (but I don't have a citation for that so I could be misremembering that stat).

• https://www.inc.com/profile/square?cid=full500016-list-763

1.6 Billion ($400 Million per Quarter) in terms of Apple Revenue is far from considerable. If you take Apple's lowest quarterly revenue from 2016 ($42.4B) and divide by $400 Million, the % of Apple Pay contributing to revenue is less than 1% of quarterly revenue. And that's using their worst quarter of the year. Granted, it's part of a growing services category, and from that angle it can be given more weight. It's all adds up, and for that, I can appreciate it.

NY1822 said:

i love Apple Pay, but to call it a "considerable driver of revenue" is a bit of a stretch. They make .15 cents on every $100 spent.

from 2015:
"Piper Jaffray’s low-end estimate forecasts that this fee will bring in $118 million in revenue in 2015, increasing to $310 million in 2016. On the high end, Nomura’s equity analysts estimated it could account for $1.6 billion in revenue by 2017 – two years from now."

Yeah, because these guys always get it right. Even taking their guesstimate, $1.6B is about what Square reportedly makes after several years in this space. IMO, that would qualify Apple Pay as a "considerable" source of revenue.