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from Benzinga

Why This Apple Analyst Thinks Future Of CarPlay Is In Payments

by Shanthi Rexaline

Apple, Inc. 

AAPL+1.23%+ Free Alerts announced at its Worldwide Developers Conference in June an improved version of its CarPlay. An analyst at Loup Funds is of the view the future of CarPlay is in payments.

Mobile Commerce Is Future Feature: Mobile commerce is likely to be a future feature on CarPlay’s roadmap, analyst Gene Munster said in a note. The new user interface, the analyst said, will allow developers to add payments into CarPlay for purchasing fuel at gas stations.

Explaining how this would help Apple earn money, the analyst noted that the current App Store terms of service allow the company a 15-30% take rate for in-app purchases of digital goods. Physical goods are monetized through Apple Pay, which has a take rate of less than 0.5%, he noted.

[ click to continue reading at Benzinga ]

Posted on July 10, 2022 by Editor

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