Gurman: Apple won’t open payments because of $1 billion in annual revenue

Apple was sued by the EU for monopoly for not opening the iPhone’s “tap-to-pay” feature to third-party payment services… Mark Gurman, a well-known journalist, reported on Sunday in his latest issue of “Power On “The column said that Apple reserved the click-to-pay function to its own Apple Pay service to protect its revenue… He estimates that Apple Pay’s annual service fee revenue exceeds 1 billion US dollars. By comparison, Apple currently earns close to $20 billion per quarter from overall services. While $1 billion a year may seem small for Apple, it could determine whether the Services segment can meet its annual growth goals.
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