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Mobile Minute: Apple said to eye mobile payments

by Martha DeGrasse
written by Martha DeGrasse Share
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 Mobile Minute:
Apple may be getting into a new business. Reports out today say the company is starting a mobile payments unit. Apple already has an app called Passbook that stores movie tickets, gift cards and airline boarding passes, and it already has millions of credit card numbers saved in iTunes. So mobile payments would be a logical next step. Other players in the space include Google with Google Wallet, the PayPal mobile app, which is owned by EBay, and Isis, an app that is pre-loaded onto Android phones sold by AT&T, Verizon and T-Mobile US.
In other mobile news, the CEO of Motorola has said he wants to push for $50 smartphones. Already some analysts report that at least one Chinese manufacturer is making smartphones for less than $50. Motorola is the only manufacturer making smartphones in the United States. It’s unlikely that Motorola could actually make a smartphone for $50 but it could potentially sell a phone for that amount. Motorola is owned by Google and could take a loss on smartphone sales to boost market share.

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Martha DeGrasse is the publisher of Network Builder Reports (nbreports.com). At RCR, Martha authored more than 20 in-depth feature reports and more than 2,400 news articles. She also created the Mobile Minute and the 5 Things to Know Today series. Prior to joining RCR Wireless News, Martha produced business and technology news for CNN and Dow Jones in New York and managed the online editorial group at Hoover’s Online before taking a number of years off to be at home when her children were young. Martha is the board president of Austin's Trinity Center and is a member of the Women's Wireless Leadership Forum.