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Technology Stocks : Apple Inc.
AAPL 278.72+0.5%3:59 PM EST
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From: Moonray5/28/2014 2:41:25 PM
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How Apple can turn into a big problem for eBay

Analyst says Apple could challenge eBay in mobile payments

SAN FRANCISCO (MarketWatch)—The buzz around Apple’s much-awaited developer conference has
been focused mainly on a new iPhone, a smartwatch and initiatives geared to a smart home.

But one analyst says Apple AAPL +0.15% could also make news in an area where it could pose a problem
for e-commerce powerhouse eBay EBAY -2.60% : mobile payments.

EBay’s mobile payments business, PayPal, “is doing great,” Topeka Capital’s Victor Anthony told clients
in a note.

“However, we believe investors should watch Apple’s ambitions in payments and its impact to PayPal
given its nearly 800 million credit cards through iTunes,” he said. “Look for possible announcements
at the Apple Developers Conference next week relating to their payments ambitions.”
More at: marketwatch.com

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