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Though services like PayPal and Alipay are useable on the App Store, iTunes and Apple Music, Ant Financial is touting this as the first time Apple has allowed for a third-party mobile payment method in its physical stores. China is a huge market for Apple, with $9.8 billion in sales in the fourth quarter of 2017 alone. However, the company's Chinese heyday came in the second quarter of 2015, in which it generated $16.8 billion. Meanwhile, China's mobile payments transactions hit $9 trillion in 2016, with Alipay accounting for around 61.5 percent of those sales, an iResearch report said.
"This is a classic case of 'When in Rome, do as the Romans do,'" said Counterpoint research analyst Neil Shah, "This should definitely make users as well as overall government happy, as foreign brands start embracing popular localized services."Apple has made many moves to woo the Chinese government, including opening up two data centres in the country, as well as local companies, such as its billion-dollar investment in ride high clarity screen protector for iphone 8 hailer Didi Chuxing, Originally posted Feb 7, 11:12 p.m, PT, Update, Feb 8, 3:16 a.m PT: Adds comment from Counterpoint analyst..
China's mobile payment industry generates over $9 trillion a year, and Alipay is the market leader. Apple won a Chinese silver medal last year, with the iPhone 7 Plus being the second-highest selling phone in the populous nation in 2017. In 2018, though, the electronics giant is going for gold. In something of an uncharacteristic move, Apple is partnering with Ant Financial, an affiliated company of e-commerce giant Alibaba, to allow for customers to buy products in-store and online using Alipay, a payment system that competes with Apple Pay. In exchange, the Alipay app will have a dedicated section for App Store purchases.
The Apple Watch 3 helped Apple to record shipments for wearables, "Apple has won the wearables game," said Jason high clarity screen protector for iphone 8 Low, senior analyst at Canalys, The company shipped 18 million Watch devices throughout 2017, a 54 percent increase on 2016, While Android Wear competitors, like the Samsung Gear S3 and Huawei's Watch 2, are compatible with both Androids and iPhones, Apple's Watch devices don't work with Android phones, "Despite innovative designs, such as the rotating bezels and circular screens employed by other vendors, Apple has pulled far ahead as it continues to focus on its core iPhone user base," Low added..
Apple's 2017 wearable success is in large part thanks to its September-released Watch Series 3, which added cellular connection -- allowing you to make phone calls from your Watch -- to the product range. Canalys said the Watch did particularly well in the US, Australia and Japan, where major carriers sold it over the holiday season. It's congruent with what Apple CEO Tim Cook said in a call to investors last week. "It was our best quarter ever for the Apple Watch," he said, "with over 50 percent growth in revenue and units for the fourth quarter in a row and strong double-digit growth in every geographic segment."In terms of volume, Apple's closest competitor is Chinese company Xiaomi and its inexpensive Mi Bands: In 2017's third quarter, Apple held 23 percent of the market, compared to Xiaomi's 21 percent. Fitbit wasn't far behind though, with a market share of 20 percent.
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