Affirm shares jump after hours as new report indicates it will partner with Apple on a buy-now, pay-later option.
An already busy week in the buy-now, pay-later market got even busier Tuesday after a report indicated that Apple Inc. plans to work with Affirm Holdings Inc. on an installment offering for those looking to buy various Apple devices in Canada.
Affirm shares AFRM, +3.03% gained 3% in Tuesday trading and were up another 2.7% in the extended session following the Bloomberg report, which comes a day after Affirm shares rocketed 14.6% on the news that Square Inc. SQ, -1.06% planned to acquire BNPL rival Afterpay Ltd. AFTPY, -0.73% APT, +0.27% in a $29 billion deal that valued Afterpay at a 31% premium to its prior close. The announcement helped bake a merger premium into Affirm’s stock, noted an analyst.
Apple didn’t respond to MarketWatch’s request for comment on the plans. A spokesperson for Affirm declined to comment. The arrangement with Apple “could be nicely additive” to Apple’s fiscal 2022 revenue, wrote Barclays analyst Ramsey El-Assal.Apple’s reported plans to work with Affirm on the installment option for Canadian hardware purchases mark the latest twist in Apple’s BNPL story. Bloomberg reported in mid-July that Apple was exploring its own BNPL offering in conjunction with the Apple Pay product, which would allow people to make more general purchases in installments using the mobile wallet.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Apple Could Cancel Apple Watch Series 7 Edition In Shock Move, Report SuggestsI don't believe it, I tell you. Meantime, if you want a Series 6 Apple Watch Edition, you’ll be lucky.
Leer más »
Apple Could Cancel Apple Watch Series 7 Edition In Shock Move, Report SuggestsI don't believe it, I tell you. Meantime, if you want a Series 6 Apple Watch Edition, you’ll be lucky.
Leer más »
Apple Unexpectedly Reveals Game-Changing Future For iPhone, Apple WatchApple lets slip what its future products will be in curious ways… like this one.
Leer más »
Apple Unexpectedly Reveals Game-Changing Future For iPhone, Apple WatchApple unexpectedly revealed a game-changing future for the iPhone and Apple Watch
Leer más »
Isaiah Rashad Tops Apple Music Pre-Add Chart With 'The House Is Burning'Billie Eilish’s ‘Happier Than Ever’ and Young Dolph and Paper Route Empire’s ‘Paper Route Illuminati’ round out the top three.
Leer más »
Apple, healthcare stocks help Wall St shrug off Delta worriesWall Street's main indexes rose on Tuesday on gains in Apple and healthcare stocks, even though concerns around a surge in the Delta variant of the coronavirus took some shine off an upbeat corporate earnings season.
Leer más »