3 Ways Apple Is Changing Retail

Loading...
Loading...

Following Apple Inc.’s AAPL earnings call Tuesday, where it reported a record-breaking quarter (including the sale of 74.5 million iPhones), analysts throughout Wall Street have weighed on many aspects, from revenue to stock valuation and even Apple's 'Cool' factor versus Samsung.

Brian Sozzi, CEO and Chief Equities Strategist at Belus Capital Advisors, provided some insight on how Apple is changing retail.

1. Apple Pay

"Apple Pay is making it easier for people to pay at Whole Foods AND removing physical interaction with cash,” Sozzi explains. This “leads to higher amounts spent at retailers," Sozzi told Benzinga.

2. Apple Watch

Regarding the Apple Watch, Sozzi believes that it "will force retailers to re-think their marketing plans to reach people in real-time on their wrists."

3. Apple Retail Stores

"Newer stores being opened by Angela Ahrendts will like be infused with real-time experiences (think digital walls, streaming content), causing other retailers in the mall and off mall to re-think their store designs and layouts."

Shares of Apple traded recently at $118.04, up 8.12 percent.

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorExclusivesAnalyst RatingsTrading IdeasApple WatchBelus Capital AdvisorsBrian SozziSamsungWhole Foods
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...