Apple Might Enter the Crypto World Soon Job Post Indicates

April 15, 2022 at 03:16 AM EDT

A job post published on May 31s for the position of Senior Legal Counsel, has raised some questions about whether Apple might be interested in exploring the possibility of offering crypto payments.

The job indeed reads in the key qualification section, “7+ years of legal experience advising on digital identity, blockchain and digital assets, mobile wallets and payment platforms, and other related technology”.

According to the job description, Apple is seeking someone who can advise and support its product development and engineering teams regarding Apple Pay and Wallet. The post might suggest that Apple is looking for someone able to look into the possibility of expanding their payment offering maybe including crypto payments.

This could be a natural evolution for Apple Pay, which recently announced a new feature that allows shops in the US to accept payments simply by touching their iPhones.

The “Tap To Pay” feature could potentially allow users also to purchase and sell Bitcoin, Ethereum, and other leading coins through external wallets such as CoinBase or Crypto.com.

Additionally, according to a March report, Apple is working on infrastructure and financial services technology within its organization.

Apple Could Benefit From Increased Smartphone Spending Due To The Advent Of 5g Technology.

ASP of smartphones is expected to rise by 12 percent to $322 in 2021, led by a rise in sales of 5G handsets, which have a higher price tag than 4G models. Apple has benefited from the high ASP.

Apple reaped the highest rewards when it came to luxury cellphones, taking 60 percent of the market share in 2021. Moreover, when looking at sales figures for smartphones, it turns out that Apple topped the rankings in every region except for Africa and the Middle East, including China and India.

Apple’s 5G-capable iPhones 12 and 13 accounted for 44 percent of the worldwide smartphone revenue of $448 billion. An additional 14 percent rise in the iPhone’s average selling price outpaced the total growth of smartphone ASPs in 2021.

As 5G smartphones rise, more people flock to Apple, which speaks well for the future since 5G smartphone penetration has a long way to go. Because of this, 5G models accounted for 40% of all smartphone shipments in 2021, but they will only account for 18% in 2020. So in the long term, Apple’s iPhone sales will benefit significantly from increased 5G usage.

However, the new iPhone SE is likely to draw in more users to the company’s fold, so it wouldn’t be shocking to see Apple raise its 5G smartphone market share. Nevertheless, even if Apple manages to sell 300 million 5G smartphones in 2025 at an average selling price of $800 (which corresponds to the standard iPhone 13 model’s pricing), its iPhone income may rise to $240 billion in only three years. That would represent a 25 percent increase above iPhone sales in fiscal 2021.

The future of Apple

The 36 analysts making 12-month price estimates for Apple Inc have a consensus target of 191.50, with a high estimate of 215.00 and a low estimate of 145.00. The consensus forecast reflects a +12.38 percent rise from the latest price of 170.41.

Apple (NASDAQ: AAPL) has spent the last few decades perfecting the art of making computers as sleek and simple to use as possible. Everything about the Apple experience, from the devices it sells to the software it creates, has been engineered to make product ownership as simple, seamless, and pleasurable as possible.

You may be skeptical about investing in Apple stock, but the company’s valuation makes sense if you understand how it fits into the more fantastic world of tech stocks. As one of the world’s most valuable companies, Apple has a market cap of nearly $3 trillion.

That makes it one of the most heavily valued publicly traded tech companies globally. But while its stock may seem expensive compared with other tech stocks, it makes sense if you understand its role in the broader world of technology.

Since its founding in 1976, Apple’s (AAPL -3.00 percent) shares have outperformed the larger stock market by a staggering 653%, due in part to the phenomenal success of its many product lines and the explosive development in Apple’s services division.

Despite this, Apple’s phenomenal success has been built on the iPhone platform. In fiscal 2021, Apple sold $192 billion worth of iPhones, which accounted for 53% of the company’s total revenue.

Even more impressively, Apple’s iPhone revenue grew by 39% in the most recent fiscal year, well above the company’s 33% gain in total sales. A trend that will stay and should help Apple maintain its tremendous growth has been a boon to the business, which has seen a substantial increase in volumes and average pricing of 5G devices.

The post Apple Might Enter the Crypto World Soon Job Post Indicates appeared first on Best Stocks.

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Apple Might Enter the Crypto World Soon Job Post Indicates

Apple Could Benefit From Increased Smartphone Spending Due To The Advent Of 5g Technology.

The future of Apple

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