Target shoppers will have to keep dreaming of the day they’ll be able to pay with their iPhones.
After rumors spread on social media over the weekend that Target planned to finally add Apple Pay to its checkout counters, the company came out with an official statement today saying it doesn’t plan to embrace Apple’s contactless payments anytime soon.
Declining sales of Apple products is one of the factors Target has blamed for its disappointing second-quarter earnings.
During a conference call today, Target CEO Brian Cornell noted that Apple products fell 20 percent in sales at his company’s stores, resulting in a double-digit percentage sales decline in the retailer’s electronics division.
Legendary Braun designer Dieter Rams has joined forces with 110 other distinguished industrial design professionals to support Apple in its long standing fight with Samsung for copying the design of the iPhone.
The group of designers have filed a amicus briefing with the US Supreme Court arguing that Apple deserves the millions of dollars it was originally awarded in court because of the company’s innovative look that let to 1 billion units sold.
Target is reportedly looking to become a player in the mobile wallet game. The fourth largest retailer in the U.S. would be joining a market that’s quickly becoming pretty crowded. The next mobile payment solution on your smartphone very well could be Target Pay, though it can’t be confirmed at this time.
Best Buy is trying its darnedest to live up to its name with a new $100 discount on every Apple Watch model it sells. The deep discount brings the entry-level cost of a 38mm Apple Watch Sport down to just $250.
Black Friday may have handed Apple its strongest Friday sales in history, thanks to third party retailers heavily featuring the company’s products in their own promotions.
According to a note sent out by analyst Trip Chowdhry from Global Equities, the Apple Watch is likely to emerge as the M.V.P. of the shopping holiday — as the result of retailers offering big discounts on the device, as well as free shipping and zero sales tax.