Cook: apple is enthusiastic about payment, and the United States is a little behind in contactless payment


After the U.S. stock market closed on October 29, Apple’s financial report released that the fourth quarter (up to the end of September 2020) had higher than expected revenue, but iPhone sales fell sharply by 20.7%, and Apple’s share price fell 5.5% after hours.
After the release of the earnings report, apple management held a conference call with CEO Tim Cook, CFO Luca Maestri and Investor Relations (Senior) director Nancy Paxton to attend and answer analyst questions. After answering a number of questions about iPhone sales, cook referred to Apple’s payment ecosystem.
Krish Sankar: I have a question for Tim. I’m a little surprised that you didn’t mention the payment ecosystem too much in your opening remarks. What do you want to know about Apple pay and apple pay ecosystem?
Cook: I didn’t mention the payment ecosystem simply because there’s so much to talk about, and it’s really not comprehensive. We’re still passionate about the entire payment service sector. Apple card has done well, and apple pay has done well. As you can imagine, in the current environment, people are less willing to use bank cards. Therefore, the acceptance of contactless payment has been greatly improved, and I think it is an irreversible process. In fact, we are relatively backward in the aspect of non contact, but it may help us in the non contact way. Therefore, we are also very optimistic about this field and believe that we can make great efforts in this field. We’re really interested in paying.