Apple Senior Vice President Phil Schiller on NFC, Wireless Charging and the Lightning Connector

[TopB]

That's a different point than I tried to make. What you say above is correct (it is what it means to have $100B in the coffers).

But what you originally tried to imply is that having $100B in the coffers means that Apple knows best. That's entirely different, thus the drug dealers, big tobacco, big oil and Gov examples of other entities with enormous cash flows- some bigger than Apple's- not meaning that they know best... or better based upon how much cash or cash flows they realize.

Point: how much cash a company has or makes does not support "they know best" among the masses. All it means is that customers find enough value in what Apple offers "as is" to buy a lot of it... just like they might buy lots of product from drug dealers, big tobacco, big oil, Wall Street banks, etc. who, in spite of having enormous cash and cash flows, also don't know best.

Ok, you win! Apple does not know best, they just got lucky on the iphone, iPad, iTunes, iMac etc, etc. They are a perfect example of a company just blundering their way down the roads of capitalism, case closed.

 

[lowbelly]

His point about the connector is telling, Apple has to live with new tech choices for a very long time. They're not going to add NFC and pull it later like they do with cameras in the nano. Every new hardware feature they add to iPhone is there for good.

 

[tbrinkma]

There are many restaurants that I go to (McDonald's, Jack in the Box, etc) that have a single NFC reader that accepts all major cards.
The Verge has a pic of the units I see showing up lately.

The Jack in the Box by my house has these.
They were smart and located them at the edge of the counter.
No need for me to pull my wallet.
Just have to back that a** up to the reader.

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Fortunately for me, my Amex is the only one with an NFC chip in it.
But I can see an issue arising if you have more than one NFC enabled card in your pocket.
I suspect the cashier may be given a list of cards read and ask which one you want it on.

That's really good to see. None of them in my area so far. Two places I frequent have NFC gear that can take MC, and one can take Visa. I'm not sure if any of them are actually active at this point though.