Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Digital Wallet: Apple – Mega-Analyst Just Dropped a Bombshell. Have You Seen It?

Apple Digital Wallet: Is it possible that Apple Inc. (NASDAQ:AAPL) could get involved with a digital wallet service for iOS users in the near future? If you believe what Piper Jaffray analyst Gene Munster has to say about Apple, the answer is yes.

As you may recall from earlier in the day, we touched on this rumor a little bit here. Now, it’s time to take a closer look at what Apple Inc. (NASDAQ:AAPL) may be trying to do with this technology within the next couple of years.

CNET, quoting information from Munster, said that Apple, “the iPhone maker may tap into NFC or a different technology to cook up a digital wallet for iOS users.”

Apple Inc. (AAPL) to be Added to Several WisdomTree ETFsMunster believes that Apple Inc. (NASDAQ:AAPL) may dive into the digital wallet market soon enough, with its first introduction alongside the iPhone 6 during the first part of 2013.

While other companies are considering the same, Apple has a leg up on the competition in one key area: the number of users at its fingertips. In other words, the Cupertino-based company doesn’t have to look far to find users for its new service.

Right now, Apple Inc. (NASDAQ:AAPL) has roughly 500 million iTunes users, all of which who have an account linked to their credit card. Seems like an easy enough transaction to a digital wallet service, doesn’t it?

If you don’t think this is a big deal consider this: “Munster believes is the largest database of payment information owned by any one company.”

When and if Apple decides to move ahead, they are going to be faced with many of the same challenges as its competitors.

For example, a mobile payment system would call for the company to get more involved in the mobile ad industry. This may be major territory for Google, but according to Munster, “Apple Inc. (NASDAQ:AAPL) has been a relatively small player in the area of mobile advertising.”

And of course, you cannot overlook the fact that security is a major concern with any type of mobile payment system. In the article, Munster is quoted as saying the following concerning the potential for an Apple digital wallet:

“If Apple can recreate the wallet, it would create tremendous stickiness in terms of iOS mobile products.”

The key word in that quote is “if.” Only time will tell if the company has what it takes to make waves in this tricky segment of the market. To learn more about what other innovations Apple may have in its pipeline, check out our latest slideshow here: Apple’s 15 Most Mind-Blowing Patents

Would you use a digital wallet service from Apple ? Share your thoughts in the comment section below.

Check back here for more updates on Apple Digital Wallet.

DISCLOSURE: I have no positions in any stock mentioned.

For more news stories, visit these pages:

Apple Inc. (AAPL) can’t be Trusted in the Courtroom?

A Political Bill for Increased Apple Inc. (AAPL) iPad Usage on Airplanes

Apple Inc. (AAPL) Wins Patent Lawsuit Against Samsung in UK

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!