Apple Inc. (NASDAQ:AAPL) may not only have its iPhone 6 and rumored smartwatch to surprise investors. It may also have a payment play in the works as the Cupertino, California-based giant is said to be in talks with credit card companies for a possible payment solution.
Last week, The Information reported that the iPhone maker was in talks with credit card companies which sparked renewed interest in a mobile wallet solution from the company.
Gina Sanchez of Chantico Global and Mark Newton of Greywolf Execution Partners recently talked to CNBC’s Brian Sullivan to discuss this possible new development to come out of Apple Inc. (NASDAQ:AAPL). Sanchez was first asked by Sullivan why people seem to not be contented with the company.
Sanchez said that Apple Inc. (NASDAQ:AAPL) certainly had a good quarter with good sales of mobile devices and computers. However, she said that everyone is waiting for the next big thing to come from the company because it is what it is known for.
She added that if this new mobile wallet feature or service takes off, the company will have a slice of a big market. She said that this is very interesting and worth watching and agreed with Sullivan that if the company gets a slice of the payments market, it will mean a lot to their bottom line.
Sullivan then asked Newton about Apple Inc. (NASDAQ:AAPL)’s stock price. He asked the Greywolf executive whether the stock has any more room to run or if it is at a peak.
According to Newton, Apple Inc. (NASDAQ:AAPL) may have reached the height of a run over the past few months. Watch the interview below where the stock’s price was explained by Newton.