575 Million Reasons Why PayPal Could Fail

At Apple's (NASDAQ: AAPL  )  recent Worldwide Developers Conference, CEO Tim Cook announced that iTunes has a whopping 575 million active accounts with credit and debit cards on file. This revelation, coupled with a new iOS 7 feature known as AirDrop, could indicate that Apple is getting closer to entering the mobile payments space. In the video below, Fool contributor Steve Heller explains why eBay's (NASDAQ: EBAY  ) PayPal unit could have the most to lose. 

There's no doubt that Apple is at the center of technology's largest revolution ever, and that longtime shareholders have been handsomely rewarded with over 1,000% gains. However, there is a debate raging as to whether Apple remains a buy. The Motley Fool's senior technology analyst and managing bureau chief, Eric Bleeker, is prepared to fill you in on reasons to buy and reasons to sell Apple, and what opportunities are left for the company (and your portfolio) going forward. To get instant access to his latest thinking on Apple, simply click here now.


Read/Post Comments (7) | Recommend This Article (1)

Comments from our Foolish Readers

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  • Report this Comment On June 19, 2013, at 6:55 PM, camarodan64 wrote:

    Apples 575 million users with credit cards uploaded, sounds better then facebooks 550 miilion users.

  • Report this Comment On June 19, 2013, at 7:33 PM, lkknapp wrote:

    Actually, every time Facebook asks me for a credit card number, I refuse. I pay thru eBay, iTunes, but won't trust Facebook.

  • Report this Comment On June 20, 2013, at 12:36 AM, mpg54 wrote:

    How many those 575m have Paypal Accounts and wish Apple accepted Paypal? I bet that is no small number...

  • Report this Comment On June 20, 2013, at 11:30 AM, NobodysFool2011 wrote:

    @mpg54, I seriously doubt anyone wishes Apple accepted Paypal. Just remember, Paypal was forced on consumers through eBay, yet in Apple's case, consumers come willingly. Apple consumers have piles of cash looking to spend on the finest technology while eBay users are looking for $2 Chinese flea market trinkets. We're not talking apples and oranges, we're talking apples and worms.

  • Report this Comment On June 20, 2013, at 4:53 PM, dealmastergee wrote:

    @Nobody,

    You and who else? I use Paypal frequently off eBay. I love it, quick and easy. Hate when a Merchant doesn't offer it. Your way behind the times...

  • Report this Comment On June 20, 2013, at 11:45 PM, NobodysFool2011 wrote:

    @dealmastergee - Wow, you're a master of technology. You can use Paypal which is only a payment intermediary between you and your credit/debit card.. I bow to your skills. You must save a whole minute not having to type that pesky credit card # into a order form. Hurrah !!!

  • Report this Comment On June 20, 2013, at 11:47 PM, NobodysFool2011 wrote:

    Guess what dealmastergee, I can buy things on Amazon with one click. Beat that sucker.

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