From Aaron Pressman’s “Apple Pay Tops the Mobile Pay Market For the First Time” posted Wednesday by Fortune:
Apple’s mobile payments app, Apple Pay, has overtaken Starbucks to become the most popular U.S. payments app.
Apple Pay has 30.3 million users, up 38% from estimates earlier last year, followed by Starbucks with 25.2 million, up 8%, market research firm eMarketer said in new report on Wednesday. The firm released its previous estimates in May, 2018. For this year, Google Pay trails in third place with 12.1 million users, up 9%…
Apple Pay now looks like another example of Apple introducing a ground-breaking if flawed product and slowly improving it over time until it becomes a market leader. Other examples include the Apple Watch and the iPhone itself.
My take: Who remembers Steve Jobs’ (possibly apocryphal) parable of the polished rocks?