Ron Burgundy Posted September 10, 2014 Share Posted September 10, 2014 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. Apple shares rose as much as 1.3 percent 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. At least six brokerages raised their price target on Apple's stock by as much as $16 to a high of $116, but there was also a rare downgrade to the stock. Many on Wall Street hailed Apple Pay - the company's new wireless payment system - with Piper Jaffray's Gene Munster calling it the "star of the show" at Tuesday's gala launch. View the full article Quote Link to comment Share on other sites More sharing options...
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