Forget About Cars. Apple Should Launch a Crypto Exchange, Analyst Says.

Barrons2021-02-09

Now here’s an idea. Maybe Apple should get into cryptocurrency-exchange business.That one comes courtesy of RBC Capital analyst Mitch Steves, who picked up coverage of Apple shares on Monday with an ...

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Comments

phanghuiying
2021-02-09
phanghuiying
not relevant at all
Satki
2021-02-09
Satki
iCoins, iCoins Pro, iCoins Pro Max, iCoins Mini
Carterho99
2021-02-09
Carterho99
Agreed
SilverSoul
2021-02-09
SilverSoul
Apple go go!!
Juliannlimm
2021-02-09
Juliannlimm
Yea
Carr
2021-02-09
Carr
sounds good
- Billie Lo:
  Very well

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Apple Should Launch a Crypto Exchange, Analyst Says.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-09 10:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/forget-about-cars-apple-should-launch-a-crypto-exchange-analyst-says-51612814633?mod=hp_DAY_8><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Now here’s an idea. Maybe Apple should get into cryptocurrency-exchange business.That one comes courtesy of RBC Capital analyst Mitch Steves, who picked up coverage of Apple shares on Monday with an ...</p>\n\n<a href=\"https://www.barrons.com/articles/forget-about-cars-apple-should-launch-a-crypto-exchange-analyst-says-51612814633?mod=hp_DAY_8\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GBTC","symbol_name":"Grayscale Bitcoin Trust","start_time":0,"source_url":"https://www.barrons.com/articles/forget-about-cars-apple-should-launch-a-crypto-exchange-analyst-says-51612814633?mod=hp_DAY_8","article_id":"1190885543","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190885543","pubTimestamp":1612838297,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Now here’s an idea. 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Steves thinks that a car might make sense eventually, but he is more intrigued by the idea that Apple could dip its toe into the cryptocurrency markets.“When we look at Apple as an ecosystem player we note that the firm has industry-leading software, security and a 1.5B installed base [of hardware devices],” he wrote in a research note.In its recent December-quarter earnings announcement, Apple disclosed that the installed base of iPhones alone is now above 1 billion.Steves agrees that an electric car could be a long-term opportunity, but he cautioned that competing with Tesla is a higher-risk proposition, which is likely to require more than $10 billion in research and development costs. He sees a better opportunity in leveragingApple Wallet, software on every iPhone that is used to manage Apple Pay, airline and event tickets, and other items.Were Apple to enter the crypto-exchange business, Steves said, they would “immediately gain market share and disrupt the industry.” He noted that Square (SQ) generates about $1.6 billion a quarter from Bitcoin-related revenue on an installed base of about 30 million.Apple, he said, has an installed base of more than 1.5 billion. If you assume 200 million users transact, he said, that would be 6.7 times the size of Square. On that basis, he concluded that the opportunity for Apple could be more than $40 billion a year, potentially boosting the top line by about 15%.And Steves said the “best part” is that the required R&D cost “would be de minimis,” pointing out that Square’s entire R&D budget is under $1 billion. “Net Net: fundamentals at Apple remain secure with a cash flowing business related to iPhones, peripherals, computers and services,” he wrote. “However, the firm could unlock a multi-billion dollar opportunity with a few clicks while investing into next generation chips as well.”He also says a move by Apple to buy $1 billion of Bitcoin would boost interest in Apple Exchange, or whatever the theoretical cryptocurrency-trading venue would be called. “Where would the price of bitcoin go if Apple purchase the asset?” he wrote. “Likely up.”The note arrived the same day thatTesla announced it has purchased $1.5 billion in Bitcoin, and that it would start accepting the currency for payments. 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Imagine what would happen if Apple jumped into the fray.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":383327410,"gmtCreate":1612841392430,"gmtModify":1704874861954,"author":{"id":"3561105062822231","authorId":"3561105062822231","name":"phanghuiying","avatar":"https://static.tigerbbs.com/1e6de359b1f4fa96675ee77832707304","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3561105062822231","authorIdStr":"3561105062822231"},"htmlText":"not relevant at all","listText":"not relevant at all","text":"not relevant at 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Mini","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383320132","repostId":1190885543,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":383368303,"gmtCreate":1612839762802,"gmtModify":1704874842145,"author":{"id":"3554806036625384","authorId":"3554806036625384","name":"Carterho99","avatar":"https://static.tigerbbs.com/49c09121817a91b70cf994facd837264","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3554806036625384","authorIdStr":"3554806036625384"},"htmlText":"Agreed","listText":"Agreed","text":"Agreed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383368303","repostId":1190885543,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":383361999,"gmtCreate":1612839680111,"gmtModify":1704874838079,"author":{"id":"3563403277012456","authorId":"3563403277012456","name":"SilverSoul","avatar":"https://static.tigerbbs.com/692e9e2f198854f2b357459085e07d4f","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":3,"crmLevelSwitch":1,"idStr":"3563403277012456","authorIdStr":"3563403277012456"},"htmlText":"Apple go go!!","listText":"Apple go go!!","text":"Apple go go!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383361999","repostId":1190885543,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":383381800,"gmtCreate":1612838515500,"gmtModify":1704874827179,"author":{"id":"3573787917636254","authorId":"3573787917636254","name":"Juliannlimm","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573787917636254","authorIdStr":"3573787917636254"},"htmlText":"Yea","listText":"Yea","text":"Yea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383381800","repostId":1190885543,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":383389817,"gmtCreate":1612838350239,"gmtModify":1704874827018,"author":{"id":"3572210667694801","authorId":"3572210667694801","name":"Carr","avatar":"https://static.tigerbbs.com/83eba45598db3639ee15e8b4ff3d8452","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572210667694801","authorIdStr":"3572210667694801"},"htmlText":"sounds good&nbsp;","listText":"sounds good&nbsp;","text":"sounds good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/383389817","repostId":1190885543,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3523054,"gmtCreate":1612841409619,"gmtModify":1680776196394,"authorId":3569982147441048,"author":{"id":3569982147441048,"idStr":"3569982147441048","authorId":3569982147441048,"name":"Billie Lo","avatar":"https://static.tigerbbs.com/2de8913068819a9735f0bb22ec7a5e72","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 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