The rise of Apple Pay is threatening PayPal's revenue growth.
Apple (AAPL 1.27%), with its deep pockets and innovative technology, is a threat any time it expands into a new market. PayPal (PYPL 0.64%) investors are right to be concerned about the new giant encroaching on its space.
*Stock prices used were the afternoon prices of May 22, 2023. The video was published on May 24, 2023.
Parkev Tatevosian, CFA has positions in Apple and PayPal. The Motley Fool has positions in and recommends Apple and PayPal. The Motley Fool recommends the following options: short June 2023 $67.50 puts on PayPal. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
