Apple to Launch Tap-to-Pay Feature

The video discusses Apple's new feature that turns iPhones into payment terminals, eliminating the need for external hardware like Square readers. It explores the potential impact on Square and Apple's revenue, highlighting Apple's strategy to leverage third-party payment networks. The launch is expected alongside iOS 15.4, with companies like Stripe planning to adopt the feature. The video also covers Peloton's leadership shakeup, detailing the challenges faced under John Foley's tenure, including supply chain issues and mishandled recalls, leading to his departure.

What is the main advantage of Apple's new payment feature over Square's dongle?

• It works only with iPads.

• It is cheaper than Square's dongle.

• It supports only Apple Pay.

• It requires no external hardware.

How does Apple generate revenue from its payment services?

• By selling hardware devices.

• By taking a percentage of each transaction.

• By offering premium features.

• By charging a monthly subscription fee.

When is Apple's new payment feature expected to launch?

• At the end of the year.

• In the summer of 2022.

• Alongside iOS 15.4 in the first half of March.

• In the second half of March.

Which company is mentioned as a third-party partner for Apple's new payment feature?

• Samsung Pay

• PayPal

• Stripe

• Amazon Pay

What was one of the major issues faced by Peloton under John Foley's leadership?

• Lack of new product launches.

• Supply chain failures.

• Decreasing stock prices.

• Increased competition.