More news from Apple’s Q2 2018 earnings call include Apple Pay. The Apple Pay business is now in 21 markets around the world, and three new ones are coming soon: Norway, Poland, and Ukraine.
[Apple Watch Business is Equal to a Fortune 300 Company, Up 50%]
Apple Pay Business
Apple Pay is part of the Services category, and Apple doesn’t share specific sales numbers. But in quarter two of 2018, sales of Services increased by 31%. Luca Maestri, Apple’s CFO, said:
Our business performed extremely well during the March quarter, as we grew earnings per share by 30 percent and generated over $15 billion in operating cash flow. With the greater flexibility we now have from access to our global cash, we can more efficiently invest in our U.S. operations and work toward a more optimal capital structure. Given our confidence in Apple’s future, we are very happy to announce that our Board has approved a new $100 billion share repurchase authorization and a 16 percent increase in our quarterly dividend.
In those markets, Apple Pay accounts for 90% of all mobile contactless payments.
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The quote does not provide much information about apple pay!