Apple beats estimates on strong iPhone sales

Global Business

Shortly after the closing bell on Wall Street, Apple released earnings that blew past estimates. That’s thanks in part to strong demand for its latest iPhones. But earnings weren’t the only story of the day for Apple. CCTV America’s Mark Niu reports.

Apple Pay, Apple’s mobile payment service, was launched in the United States on Monday, giving users the chance to use their iPhones as wallets.

More than 200,000 payment locations in the U.S. are equipped to accept Apple Pay. Smaller merchants tend to be among the several millions that don’t have the required equipment yet.

For more on Apple’s earning and it’s new mobile payment plan, Apple Pay, CCTV America talked with Scott Schober, CEO of Berkeley Varitronics Systems.