When will Apple pay for cloud-based services?
Posted On June 20, 2021
In May 2017, Apple announced plans to pay for some of its cloud-related services, including its iCloud and iCloud Photo Library services, with Apple Pay.
Since then, it has done more than double its payments with Apple.
Apple Pay now makes up nearly one-third of Apple’s payments.
Now, Apple is set to double its revenue from the cloud by 2020, according to the Wall Street Journal.
As it looks to expand its services beyond its hardware business, Apple has been building a massive infrastructure around its cloud.
Today, the Journal reports that Apple is building a “new cloud” that will have “more than 1,000 million servers” and will be capable of handling more than 1.5 petabytes of data.
As of now, Apple Pay is the only payment service that Apple will be paying for.
But Apple Pay will be available for Apple Pay and other services in the cloud for the first time in 2020.
The Journal reports: Apple Pay, Apple’s new payment service, will become available in the next few months.
But the company is planning to offer a range of services and services bundles, which could include the $39.99 Apple Pay for Home and Business, which will let users pay for groceries and other household items on their iPhones, Apple Watch bands, and Apple TV.
“It’s just going to be the most popular way for consumers to pay in 2020,” said Richard Wieser, a former senior vice president of Apple Pay at the company.
“We’re not talking about making a $100 or $200 charge on every transaction.”
Apple Pay has been an extremely popular way to pay on iOS devices for the past few years, and it is expected to continue to grow in popularity.
According to research firm Counterpoint Research, Apple accounted for roughly a quarter of Apple Watch sales in 2016.
It is expected that Apple Pay could make up at least one-fifth of Apple device sales in 2020, Counterpoint predicts.