Shares of Apple Inc. (NASDAQ:AAPL) ended Friday session in red amid volatile trading. The shares closed down -2.39 points or -2.26% at $103.13 with 46.56 million shares getting traded. Post opening the session at $104.64, the shares hit an intraday low of $103.13 and an intraday high of $105.72 and the price vacillated in this range throughout the day. The company has a market cap of $541.15 billion and the numbers of outstanding shares have been calculated to be 5.39 billion shares.
Apple Inc. (AAPL) on September 7, 2016 announced that iPhone® 7, iPhone 7 Plus and Apple Watch® Series 2 will bring customers in Japan the ability to use Apple Pay®, an easy, fast and secure way to pay for everything in their daily routines, beginning in October. Users can commute and pay for everyday items with Suica from JR East, and make convenient and private credit and prepaid card purchases in stores, apps and on the web with a single touch. Apple is also introducing support for transit in Japan with Maps in iOS 10, so commuters can easily find ride details, including fare breakdowns that automatically show Suica pricing right on their device, making their commute more seamless and simpler than ever.
Apple Pay is accepted anywhere Suica is available, so users can make quick everyday purchases and buy or reload a Suica card or commuter pass, all with their iPhone. Japan’s major financial brands will also support Apple Pay, so shoppers can make purchases in many of the country’s largest stores, at neighborhood shops and restaurants, and from their favorite online merchants.
“We are incredibly excited to bring iPhone 7 to customers in Japan so they can experience the magic of Apple Pay,” said Tim Cook, Apple’s CEO. “Apple Pay will transform your daily routine, from making your commute easier and more convenient than ever with Suica right on your iPhone 7 and Apple Watch Series 2, to using your favorite cards to make secure and private purchases with a single touch.”
“As the world’s largest transit operator, JR East is committed to innovating so we can provide our customers across Japan the best service possible,” said Tetsuro Tomita, president and CEO of East Japan Railway. “For iPhone 7, we redesigned an entirely new experience from the ground up so our customers can enjoy the ease and security of using Apple Pay while commuting, in our app and in stores with Suica.”
Shares of Ford Motor Company (NYSE:F) ended Friday session in red amid volatile trading. The shares closed down -0.35 points or -2.75% at $12.38 with 35.73 million shares getting traded. Post opening the session at $12.61, the shares hit an intraday low of $12.38 and an intraday high of $12.69 and the price vacillated in this range throughout the day. The company has a market cap of $49.30 billion and the numbers of outstanding shares have been calculated to be 3.90 billion shares.
On September 9, 2016 Ford is teaming up with major global cities – starting with San Francisco – to solve congestion issues and help people move more easily, and in the future.
The company is announcing an agreement to acquire Chariot, a San Francisco-based crowd-sourced shuttle service, and collaborating with bike-sharing provider Motivate to expand its transportation solutions in city centers. Ford also is establishing a new City Solutions team to work with cities around the world on their transportation needs.
“We’re expanding our business to be both an auto and a mobility company, and partnering with cities on current and future transportation needs is the next major step,” said Mark Fields, Ford president and CEO. “For more than 100 years, Ford has been part of the community and the trusted source for automotive transportation. Now, we want to work with communities to offer even more transportation choices and solutions for people – for decades to come.”
Now, half the world’s population lives in cities. By 2030, that number is expected to grow to 60 percent. As city populations grow, the challenges tied to moving people and goods around become tougher. Ford is committed to being part of the solution.
“Cities globally are dealing with increased congestion, a growing middle class and environmental issues – all of which can be alleviated by developing mobility solutions fine-tuned to the unique challenges of each location,” said Jim Hackett, chairman, Ford Smart Mobility LLC, the company’s subsidiary created to design, build, grow and invest in emerging mobility services. “At the same time, by expanding our business model to include new forms of transportation – from bikes to dynamic shuttles and more – we are introducing new customers to Ford and creating new revenue and profit opportunities for the future.”