Apple Inc. (NASDAQ:AAPL) is laying the foundations for a world in which it controls a serious chunk of e-commerce. The company, which made its twenty-first century name in mobile devices, appears to be leveraging that base in order to build a service business. A new report indicates that the company’s new hardware will feature a core technology to anchor its rumored payments business.
According to Redmond Pie, a Microsoft-rumors focused outlet, Apple Inc. (NASDAQ:AAPL) is heading toward the addition of its successful fingerprint sensor, which the company calls Touch ID, to the iPad line this year. The technology is also apparently making a return to the iPhone line. The iPhone 6, the iPad Air 2, and the iPad Mini 3 are all set to include the Touch ID sensor according to the latest rumors.
iPhone 6, iPad Mini 3, iPad Air 2 on the way in 2014
The Redmond Pie report, which is based on rumors coming out of the Asian Semiconductor sector, says that Taiwan Semiconductor Manufacturing has already prepared a bunch of Touch ID parts for inclusion in the next devices from Apple Inc. (NASDAQ:AAPL). The iPad Air 2, the iPad Mini 3, and the iPhone 6 are apparently set to include the technology, and that may cause a major change in the way the company operates.
According to the reports, iPhone 6 production is already well underway, and the company is already gearing up the manufacture of certain components, like the Touch ID sensors, for inclusion in the iPad Air 2 and iPad Mini 3. Apple Inc. (NASDAQ:AAPL) was extremely successful with the inclusion of the Touch ID sensor in the iPhone 5s, and it’s sure to have its plans furthered by its inclusion in the new devices.
The inclusion of the Touch ID sensor did not increase the cost of the iPhone 5S as some analysts had predicted, and the production constraints on the device did not appear to have all that much impact on the supplies of the company’s premium smartphone. Any problems the company did have with supply should be eased by the early production of the Touch ID sensors.
Apple Inc. (NASDAQ:AAPL) can now attribute a huge amount of its financial success to manufacturing wizardry, and that should improve prospects of success in its apparent future schemes.
Apple’s Touch ID is the foundation of e-commerce
There are those questioning whether the Touch ID sensor is necessary in the iPad Mini 3 and iPad Air 2, but those commentators are missing the bigger picture when it comes to the use of the sensor. Apple Inc. (NASDAQ:AAPL) is developing a propriety mobile payments system, and the use of finger prints as payment security will make it easy and fast to pay online.
In comparison companies like Paypal and Square offer cumbersome methods of transferring money. The future of Apple Inc. (NASDAQ:AAPL) may lie in leveraging its massive fan base in order to fuel growth in services. Touch ID is the ideal way for the company to push through involvement in Apple’s e-commerce ambition, and that makes its inclusion in the iPad Mini 3 and iPad Air 2 an important step for the company going forward.