The new wallets

Apple:

Yes, the new wallets is here. Fact is that the new wallets have been on the market for many years now. Some people expected to see a Near Field Communication chip for mobile payments when Apple launched the new Iphone 5 a couple of year ago, but ended up disappointed.

 

Smartphones are predicted to be the new wallets and forecast for mobile payments in 2014 is $7,5B. In 2013 it was $2,1B, and $0,6B in 2012. If this is taking off we can see mobile payments of $70B in 2016. Mobile payments in China have doubled in 2013 and ended up to 218,6 Billion Yuan.

 

The most critical element in this business is the security, but Apple seems to have the right solution for all the customers waiting to pay by smartphones. Apple signed a new patent (#20140019367) on January 16.

 

What about their competitors like Visa, Mastercard, Paypal and others? They should do something before it is too late. Once Apple start with their new mobile payment solution, the card users will slowly disappear. This threath is too big to ignore I think.

 

Stocks & Commodities:

Petrobras (PBR) plummeted 5,8% yesterday and that is an eight year low level, now trading at 13.85 Brazilian reais ($5.69). This is the lowest since july 29, 2005. The overall markets plummeted yesterday, like they historically do when a new Fed chairman comes in, but Twitter went up +1,16%. What is going on here? Any report surprise?

 

Gold is not taking off despite the bearish markets we see now. Right now the gold is trading at $1.252.80, down -0,52%. Silver is also down today, trading at $19.35, down -0,30%. Copper is trading at $319.85, up today +0,47%.

 

Reports:

10:00:00 Factory Orders Forecast: -1,90% Previous: 1,80%
10:00:00 Economic Optimism Forecast: 46,1 Previous: 45,2

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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