tag:blogger.com,1999:blog-7169279.post5867444598677699911..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Apple's New Strategy to Boost Adoption of Apple Pay Dr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7169279.post-81402483469022929112016-04-27T13:14:17.601-06:002016-04-27T13:14:17.601-06:00mholley: 50/50
There's a bunch of buzzwords I...mholley: 50/50<br /><br />There's a bunch of buzzwords I can drop on this comment, but since the situation is still evolving, it isn't clear which ones will apply the best a few years down the road.<br /><br />Clearly there some sort of sequential game going on here. Is Apple a first player? Do the have an advantage or disadvantage.<br /><br />mholley's example of the power cord is, Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-63363482093879045052016-04-24T19:43:49.364-06:002016-04-24T19:43:49.364-06:00I feel as though there has been a strong push in r...I feel as though there has been a strong push in recent years to get people to use either Apple pay or Samsung pay. I personally have set up Apple pay on my phone but I have yet to use it. When the time comes to check out I usually forget that I have it on my phone or I just resort to my normal methods of pulling out my wallet and handing the cashier some cash. Apple does have a way of doing mholleyhttps://www.blogger.com/profile/04512833233160412286noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-53407101411410970192015-12-11T09:47:43.561-07:002015-12-11T09:47:43.561-07:00David: 50/50
Not much ManEc in here.
I do like t...David: 50/50<br /><br />Not much ManEc in here.<br /><br />I do like the bit about your wallet. But the economics of that are that there's a transaction cost that you're putting up with in taking it around with you. To the extent that Apple Pay can substitute for that, they may be able to get you to pay for avoiding the transactions cost.<br /><br />But, I wonder, in your case and for Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-77190159717601771212015-12-10T13:25:30.328-07:002015-12-10T13:25:30.328-07:00As a consumer, I hate having to carry both my iPho...As a consumer, I hate having to carry both my iPhone in one pocket and my wallet in the other. I have a George Costanza-style wallet that is full of credit and debit cards, receipts, store membership cards, a driver’s license, insurance cards, just to name a few (notice I didn’t mention cash). I would much rather carry only my iPhone. It is a slim, discrete, device that has the capability to Davidhttps://www.blogger.com/profile/17555812288291266481noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-73670983667806208982015-12-09T19:49:05.254-07:002015-12-09T19:49:05.254-07:00Vickie: 50/50
JP: 50/50
SpencerM: 47/50 (you meant...Vickie: 50/50<br />JP: 50/50<br />SpencerM: 47/50 (you meant "rid" not "ride")<br /><br />Vickie:<br /><br />I don't think it's "odd" that B2B transactions are charged 3%, and P2P are charged nothing at all. I think it's something for which there's got to be good underlying economics. But I'm not sure what that is yet.<br /><br />I do wonder Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-17685407146887522352015-12-09T13:46:37.983-07:002015-12-09T13:46:37.983-07:00I think this new idea for Apple to join the person...I think this new idea for Apple to join the person-to-person payment market will be very interesting. I agree with Vickie's comment that in order for Apple to actually succeed and reach their goal of doubling usage, they will need to have a pretty good incentive. I am a big Apple user myself, and I think the ability to use Apple Pay to easily transfer money from person-to-person might just SpencerMhttps://www.blogger.com/profile/07441218769461429226noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-76777927278347990582015-12-09T12:27:11.526-07:002015-12-09T12:27:11.526-07:00It’s interesting to read about Apple’s strategy to...It’s interesting to read about Apple’s strategy to compete in the payment-to-friends market. I did think it sounded like penetration pricing at first, so I appreciated Dr. Tufte pointing out that penetration pricing involves charging low prices at first to then charge higher prices later for the same product. The article points out that Apple hopes to lure customers away from competitors like JPhttps://www.blogger.com/profile/00142845710595164023noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-73800269534938003692015-12-08T21:29:14.538-07:002015-12-08T21:29:14.538-07:00I am a huge Apple fan. I love the iPhone and iMac ...I am a huge Apple fan. I love the iPhone and iMac and everything in-between. But, I have not even once thought about using Apple Pay. I’m not sure why that is. I do currently use Venmo, Square Cash, and PayPal. I guess I just haven’t wanted to expend the effort to set Apple Pay up yet. <br /><br />Additionally, both Venmo and Square Cash allow me to send money to family and friends with zero Vickiehttps://www.blogger.com/profile/17491317680944808655noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-4326895374484130862015-12-07T14:37:04.480-07:002015-12-07T14:37:04.480-07:00Reddish-Day: 100/100
I am dubious about this whol...Reddish-Day: 100/100<br /><br />I am dubious about this whole thing. I'm not sure if I'm dubious of Apple's managers, or the source article, or Reddish-Day.<br /><br />I am not sure how you can refer to this market as "... are not generally profitable ... [while] ... there is still money to be made". It sounds from what you say in the next few lines that PayPal and Venmo Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com