3 ms·

Apple will buy Square this year.

• MBCook 13y ago
  What makes you say that? That seems pretty far outside Apple's domain, running payments for physical merchants.
  • alaskamiller 13y ago
    - Scuttlebutt is that Square staff are prepping for an acquisition - Jack Dorsey just sold back some of his own stock to employees - Apple loves Jack Dorsey - iOS platform can benefit from a mobile money processor
    • sandipc 13y ago
      "a mobile money processor" -- like iTunes/App Store?
      • alaskamiller 13y ago
        iStore = wallet (potential intent) Square = card (actual transaction)
        • madeofpalk 13y ago
          They actually already do this with their retail stores: You can scan products with the Apple Store App and pay for it using your Apple ID and its charged to your credit card on file.
          • zimpenfish 13y ago
            This is brilliant when you're at a mega-busy Apple store on a Saturday afternoon and all you want is a Lightning cable adapter. Pick, scan, pay, show the nice man on the way out, PROFIT.
    • MBCook 13y ago
      OK, but I still don't see a compelling business reason that having a payment processor would be good for Apple. They can already process payments, how does helping Barbara at the flea market of Little Jim's Cafe process credit cards help their core businesses? That sounds more like the "Apple should own everything" school of thought. More like what Google or (old) Microsoft does. It doesn't sound Apple-y.
• zimpenfish 13y ago
  The price would be too high - Apple has never paid more than a few hundred million for any acquisition[1] and Square are reputed to be north of $4B[2]. [1] http://www.tuaw.com/2014/01/14/why-apple-didnt-buy-nest/ http://www.tuaw.com/2014/01/14/why-apple-didnt-buy-nest/ [2] http://www.thestreet.com/story/12099901/1/square-could-be-worth-45b.html http://www.thestreet.com/story/12099901/1/square-could-be-wo...