Tag - Barclays
Barclays has finally launched support for Apple Pay in the United Kingdom, almost nine months after the payment platform itself arrived in the country. The last major financial institution to sign up for Apple Pay in the UK, the bank is now allowing anyone with a Barclays debit card or a Barclaycard credit card to make payments at over 400,000 contactless payment terminals across the country using their iPhone or Apple Watch.
Barclays, one of the last major banks and financial institutions in the United Kingdom that still does not offer Apple Pay to its customers, now aims to begin supporting the mobile payments service in the next few month. An email sent from an executive at the bank to a customer advises it is still holding to its previous claim of a launch early this year, and anticipates it will do so "within the next 60 to 75 days."
One of the last major financial institutions in the United Kingdom that currently does not support for Apple Pay in the country will be offering it to customers, though later than expected. Barclays will be joining the roster of UK banks, including Lloyds, HSBC, Natwest, and Santander, in allowing owners of iPhones and the Apple Watch to make payments using their devices, but apparently this will not take place until early next year.
After becoming best known for being the only major UK bank not to support the forthcoming rollout of Apple Pay support in the UK in favor of its own, much more awkward "bPay" solution, Barclays has apparently done an about-face and announced that it will provide "imminent" support of Apple Pay in the UK in the near future. The mobile payments system, anticipated to formally go live on Thursday, will still face some limitations.
Two investment analyst firms, Barclays Capital and UBS, have issued their first predictions on the number of iPhones Apple is likely to sell in its fiscal second quarter, which concludes at the end of March. The firms disagree on the exact number of units, but are within 10 percent of each other, ranging from 54 million to 58 million units. UBS' Evidence Lab is predicting higher numbers, but Wall Street estimates remain conservative.
Microsoft is offering a simpler way for students around the world to check their eligibility for a free Office 365 license. While free subscriptions have been around for a while, it typically involved a lengthy process to check for eligibility. Now, students and teachers need to just sign up with a valid school email address to receive their subscription, which includes installation of Office apps on up to five computers and up to five mobile devices, as well as 1TB of OneDrive storage.
There is a tendency among analysts to think of Apple as only "the iPhone maker" and ignore its other products and services, feeling that the fortunes of its most popular and profitable product -- the iPhone -- is the key to the company's overall health, at least in terms of its performance on Wall Street. Barclay's analyst Ben Reitzes told investors in a memo on Thursday that he expects AAPL to stay within a narrow range for the next two years.
According to industry sources, Cisco Systems has hired Barclays to find a buyer for its home networking division Linksys. Reportedly, Cisco is planning on divesting itself of the home router manufacturer as part of its strategy to exit consumer-level businesses while expanding in technology services, and other corporate solutions.
Contract manufacturers may be preparing to build more than 10 million mini iPad tablets in the fourth quarter, according to Barclays analysts. Most of the new tablets are expected to be produced by veteran iPad maker Foxconn, while Pegatron is said to be tasked with manufacturing approximately three million units.
Apple may be relying on the popularity of its iPad, iPhone and Mac hardware to help monetize a "fully integrated TV ecosystem," according to an investor note circulated by Barclays analyst Ben Reitzes. Amid rampant rumors surrounding a new Apple set-top box, the analyst emphasizes that the company is likely aiming to create a software-driven ecosystem, "not just hardware," even if necessary partnerships with content providers have yet to be inked.