How Apple Pay works
NEW YORK (CNNMoney)
Apple is expected to announce that it had a quarter for the history books during the last three months of 2014. But Apple Pay will most likely be little more than a footnote.
The payments system is taking off -- but it's not that widely used yet.
"Apple Pay is not likely to be a material revenue stream on its own anytime soon," said Colin Gillis, analyst at BGC Partners.
Apple (AAPL, Tech30) gets just 15 cents for every $100 in Apple Pay transactions, according to Gillis.
So for Apple Pay to move the needle just 1% on Apple's expected sales in the last three months, users would have had to use it for transactions worth $451 billion (which is highly unlikely).
Source:
http://money.cnn.com/2015/01/26/technology/apple-pay/
