PayPal Now On Apple: What Investors Should Know
Earlier this month, PayPal Holdings Inc. (NASDAQ: PYPL) announced that PayPal could now be used as a method of payment for purchases made within Apple Inc's (NASDAQ: AAPL) App Store, iTunes, or Apple Music. Account holders will be able to make purchases across Apple's universe of devices including iPhones, iPads, iPod Touches, and Macs, and through iTunes on personal computers. The deal applies to customers in the United States, Canada, Mexico, Australia, Israel, United Kingdom, France, Germany, Italy, Spain, and the Netherlands.
To use PayPal, all Apple ID account holders need to do is select PayPal as their method of payment in their account settings. Once accomplished, future purchases on their Apple ID will automatically be paid through the users' PayPal accounts.
But beyond the basic mechanics of how PayPal will be integrated into Apple's ecosystem, investors need to know what the implications are for such a deal. Let's take a closer look at what this means for both companies going forward.
Source: Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 80 Buy predictions and 5 Sell predictions.
With a target price of 200 € there is a slightly positive potential of 12.32% for Apple Inc. compared to the current price of 178.06 €.
