Published: Wed, April 17, 2019
Electronics | By Shannon Stone

How Apple's Streaming Service Could Affect Its Earnings

How Apple's Streaming Service Could Affect Its Earnings

While pricing details have not yet been announced, Apple said that Apple Arcade will launch with over 100 new and exclusive original gaming apps, that will not be available on other mobile devices at the very least. "This new offering Apple Card is a step toward that, but it needs to evolve even further". It does not contain a credit card number, expiration date or CVV security code, which helps protect against theft.

Apple has linked the credit card with the Pay Cash service.

There will be no extra charge for Apple Card, no late fees will be applicable.

The move comes as mobile payments are poised to get a boost from efforts in the United States to encourage retailers to accept tap-to-pay cards, which use the same near-field communication technology as Apple Pay. This card will come into existence with their partnership with Goldman Sachs Group Inc, this summer. Every device in your home, auto and office comes from the Apple store (which, coincidentally, is where you hang out on weekends).

Apple is not planning to reward Apple Card users through a points-based program like some consumer reward programs.

The rewards rate for the virtual version of the Apple Card matches numerous highest flat-rate cash-back cards on the market. Users will win 2% cash back on every purchase made with the digital wallet, or they will get 3% cash back for Apple products. This is to say nothing of the much smaller merchants where you may run into issues: Food trucks, mom and pop stores, bodegas and others simply may not be equipped to handle Apple Pay. Moreover, when buying something using the Apple Credit Card you receive some percentage of that purchase back immediately.

Still, younger consumers, especially those in the coveted Gen Z demographic, might be enticed by the functionality the card offers. It will be synced with the Apple Wallet of iPhone users'.

There's also four new Animoji to send as stickers in iMessage or use during FaceTime calls: giraffe, shark, owl, and boar. If you don't see the update immediately, try again later as Apple's servers might be getting hammered from everyone trying to update at the same time.

The tech giant is helping to finance some of the developers making titles for the new service.

Despite the fact that many consumers fail to get excited about managing money, Gen Z is highly engaged with their finances, according to Paul Savaiano, head of strategy at ad agency Walrus.

Apple claimed in announcing the Apple Card that 70% of USA retailers accept Apple Pay.

But there are some skeptics.

New games will be added regularly, although it's unclear how often that will happen.

" Great stories can move and inspire us". Apple Pay VP Jennifer Bailey said the company "doesn't know what you bought, where you bought it, and how much you paid for it". This physical card would be usable anywhere in the world hassle-free.

Now, let's talk about the reasons that could discourage users from applying for Apple's credit card.

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