Apple iPhone 7 & Fintech

Note from the Publisher:  If you’ve ever heard the term “clickbait”, then I’m afraid the headline to this story may qualify, and apologies for that.  However, since the Tech Story of the Day IS all about today’s announcement of the Apple iPhone7, then we HAVE to include it in our line up of news today.  And really, the technology that drives fintech is VERY MUCH mobile-based.  In fact, much of the fintech banking sector that is – and will continue – emerging in underveloped nations is based on the massive use of smartphones there by the underbanked.  So let’s say a toast to Apple, once again, for convincing us that we need an upgraded phone that now costs upwards of $800, and giving us all a great platform to utilize for our mobile fintech apps!  Where would fintech be without Apple?!! 

“No, you’re not experiencing deja vu. Those are Apple’s newest iPhones.

The Cupertino, California, company on Wednesday showed off the iPhone 7 and iPhone 7 Plus, the two newest editions to its hugely popular phone franchise. Aside from a series of tweaks, they look virtually identical to the prior two generations of iPhones.

“We are so excited about iPhone 7. It makes all the things you do every day so much better,” CEO Tim Cook said on stage at the Bill Graham Civic Auditorium in San Francisco.

The iPhone 7 starts at $649, and the 7 Plus starts at $769. Preorders for the new devices begin Friday, and the phone will be available September 16.

Now may not have been the best time for Apple to stay conservative with its changes. The tech heavyweight is facing an especially challenging time, with this year predicted to be the first that Apple ships fewer iPhones than the year before. Sales of iPhones have already dropped in the past two quarters.”

Read Full Article at CNet