Apple CEO Tim Cook was once one of the people who believed that digital wallets in mobile devices would be widely used by non-cash users. But lately, Cook impressed sanctions with his prediction.
In 2016, Cook optimistically boasted that Apple would stop transactions using cash. But on Tuesday (13/2) then, Cook just seemed to change his thinking. He was unconvinced that the transaction with money was about to end.
"I wish I was still alive to be able to watch the use of money disappear," Cook said at a special meeting with shareholders on Apple's new campus in Cupertino, USA.
According to him, payments on mobile devices are adopted more slowly than Apple had previously expected. And that estimate is what makes Apple launched Apple Pay on iPhone devices in 2014 ago to compete with Samsung Pay and other similar services.
"Mobile payments were much slower than I expected in the last few years," said the 51-year-old.
Apple Pay itself has been blocked by older point-of-sale sales terminals because it is not compatible with new technologies. But Cook sure will change it gradually.
Meanwhile, Cook claims he has seen Apple Pay's "very fast adoption" over the past 12 months, especially in a seemingly unlikely world-wide hemisphere, such as Russia and China.
In addition, Cook on the same occasion also re-affirmed that Apple will invest heavily in America. The company will pay US $ 38 billion in taxes to return the money to the US.
Apple plans to invest US $ 30 billion in the US over the next five years by building a new campus and creating 20,000 new jobs. With current spending on product sales tax and tax on employee wages, Apple said it expected to contribute US $ 350 billion to the US economy during that period.
"We want to use the remaining profits to invest in this country,"
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