APPLE just shy of $3 trillion, Will it's financial services plans shake up America?
$Apple(AAPL)$ 's Ambitious
Apple’s share price fell 0.67% on Wendsday trading, but the highest market value of Apple during the session rushed to $2.93 trillion, just 2.3%away from the $3 trillion mark.
Like many investors, I've always believed that Apple's stock price will break through $3 trillion, and it's only a matter of time.
The latest Bloomberg news says that Apple Eyes Bringing Financial Services In-House, which is going to develop its own payment processing technology and infrastructure for future financial products, including payment processing, loan risk assessment, and more.
The "Project Breakout " hints at Apple's desire to upend the existing financial system. However, it should take several years for this work to finally come to fruition.
Turns to Apple's business map, there are five sources of revenue for Apple's Services, namely advertising, AppleCare (warranty), iCloud services, digital content and payment services. The payment service includes two aspects, one is Apple Card (credit card jointly signed by Goldman Sachs), and the other is Apple Pay.
The figure below reflects the distribution of Apple's revenue over the past six years, of which the proportion of service revenue has continued to grow and is currently around 20%.
Obviously, Apple's payment service, like other technology companies entering the financial field, is only in the outermost layer of the financial system.
Apple's credit card is constrained by Goldman Sachs, Apple's Apple Pay is controlled by the U.S. credit card network, and Apple's financial efforts have so far only been superficial.
Although the US financial system is an open system, almost no one can shake the status of the leading banks. The total assets of the top 60 banks exceed $20 trillion, but the top 6 banks control 60%.
The U.S. payment system has long had only two networks, $Visa(V)$ and $MasterCard(MA)$ , with the third and fourth places becoming less and less present.
The Internet has changed all industries and even manufacturing in the world, but the financial industry has not been affected at all by the impact of the Internet in the past 20 years.
If everyone has one Apple device and the Internet is an open system, are people really willing to pay Goldman Sachs and MasterCard tolls to buy a movie ticket through Apple Financial Services?
That's a question ~
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- Anzygart·2022-04-02I’d like to see some innovative services or products rolled out instead of extending the line or making marginal improvements. Innovation has been largely lacking for a while now since Jobs passing4Report
- ThaiGirl·2022-04-06The fluctuations of this counter are volatile for concern, [What]2Report
- William85·2022-03-31Is there no substitute for Apple?I don't think so, because Apple is so massive right now, but when we think about its technology and potential, it's a different story4Report
- ThaiGirl·2022-04-04🍏 is Apple of my heart. [lovely]2Report
- Mister Makam·2022-03-31foldable phones, an apple car, an apple vr headset... accumulate and hold. a 5 trillion seems possible4Report
- dong123·2022-03-31Apple is crazy.I just said the other day that Apple is irreplaceable in mobile, and it looks like I was right4Report
- GregoryRichardson·2022-03-31It's very impressive.I think Apple is sort of emblematic of the whole American tech scene4Report
- StayHome·2022-04-01Guess many ppl hv been paying conveniently and unknowingly to the banks and credit card company for some times oredi …. [Sweats][Sigh][Helpless][USD]1Report
- Lin Yang·2022-03-31I think Apple still has growth potential, would be intersting to se me where it’s headed2Report
- JINGYI0001·2022-04-03[真香] [真香] [真香]3Report
- Upswing118·2022-04-01Keep 1000 shares of this and cash out in 10 yrs time🍻1Report
- Phantom121·2022-04-01buy buy buy3Report
- MSing·2022-04-01May buy when price drop and hold for it [Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool]1Report
- sunflower19·2022-04-01👍looking forward to all invention! [Happy] [smile]1Report
- EthanShawn·2022-03-31buy and hold2Report
- Robbiemeow·2022-03-31Yes apple will be bullish3Report
- Vandaluus·2022-03-31As a shareholder, it is good to know that the company has new stream of revenue.1Report
- HoSF·2022-03-31Going to buy more Apple shares! [Grin]2Report
- Jacklyn26·2022-04-02[强] [强] [强]1Report
- xiaochoochoo·2022-04-01好股!1Report