On Monday, Shares of Apple Inc. (NASDAQ:AAPL), lost -0.68% to $118.20.
Few consumers are taking advantage of Apple’s (NASDAQ:AAPL) mobile payment service, Apple Pay, according to a recent series of surveys from Trustev (via NFC World). The same is true for Apple Pay’s rivals, counting Alphabet’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Android Pay and Samsung’s (NASDAQOTH:SSNLF) Samsung Pay, according to USA TODAY.
In time, these digital payment services could emerge as a major force, and a strong alternative to traditional payment methods, but Trustev’s findings suggest they’re not presently a meaningful factor.
Trustev surveyed 1,000 consumers who owned Apple Pay-compatible iPhones about their Apple Pay habits. (The iPhone 6, iPhone 6 Plus, iPhone 6s, and iPhone 6s Plus support Apple Pay, while older iPhones do not.) It found that about 80% had not used Apple Pay even once. Of the 20% who had, most (56%) only used it about once a week.
The findings for Android Pay and Samsung Pay were even worse. Trustev surveyed 1,000 consumers who owned Samsung’s Galaxy S5 or Galaxy S6. Samsung’s Galaxy S6 supports both Samsung Pay and Android Pay, while the Galaxy S5 supports only Android Pay. Still, even when combining the two, only 14% had tried either service. Among those who had tried Samsung Pay or Android Pay, 38% said they “never” used them. USA TODAY Reports
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, education, and enterprise and government customers in the Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications. It offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers.
On other hand, Shares of Alcoa Inc. (NYSE:AA), declined -3.21% to $9.03, during its last trading session.
Alcoa shares could rise 27% according to analysts at Gabelli as they are bullish on the company’s recently-declared split.
At the end of September, Alcoa declared that it would separate into two publicly-traded companies. The deal is predictable to close in the second half of 2016.
The company keeping the Alcoa name will focus on upstream products, counting five business units-bauxite, alumina, aluminum, casting and energy. The other company will focus on engineered products, which comprise the aerospace and automotive segments.
The company will likely see benefits from this split, the firm noted. Analysts reiterated their “buy” rating on the stock, noting non-core assets as a source of separation liquidity, Barron’s.com reports.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is involved in mining bauxite, which is then refined into alumina. The Primary Metals segment produces primary aluminum. The Global Rolled Products segment produces and sells aluminum plates, sheets, and foils, in addition to rigid container sheets for food and beverage packaging markets. The Engineered Products and Solutions segment offers titanium, super alloy investment, and aluminum castings; fasteners; aluminum wheels; integrated aluminum structural systems; architectural extrusions; and forgings and hard alloy extrusions.