Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Apple Roundup: iPhone 5, Apple Store, Yelp

Stock quotes in this article: AAPL, YELP 

NEW YORK (TheStreet) -- Today's top Apple (AAPL) stories include speculation about Near Field Communications (NFC) technology, a The New York Times report on Apple Store employees, and talk that Yelp's (AAPL) check-in service will be integrated into Apple Maps.

When Apple announced Passbook as part of iOS 6 at its recent Worldwide Developers' Conference, many speculated that it marked be Apple's entry into the digital wallet space. Jim Peters, the chief technology officer at SITA believes Apple may incorporate NFC, a mobile payment technology, into the next iPhone.

"Who is thinking of the user? Apple. They don't argue about it with anybody. They came out with Passbook last week, which is an electronic wallet that they are going to start putting stuff on," Peters is reported to have said at the Air Transport IT Summit in Brussels, Germany.

Peters went on to say that if Apple includes NFC in the next version of the iPhone, it could really take off as a service. "There is a lot of debate that NFC will never take off because of all the arguments. But you need to get ready, this is coming. This is going to happen. By the end of the year the majority of smartphones that you go and buy will have NFC on them. If in October the next iPhone comes out and it has NFC on it, it's game over."

There has already been speculation that Apple will ramp up its efforts around NFC, a swiping technology used for mobile payments. There were rumors, for example, that NFC would form part of Apple's iPhone announcement last year, although this did not materialize.

Apple could not be reached for comment on this matter.


The New York Times has published a story on Apple Store employees which discusses their pay, their experiences working for their tech giant, and several other topics.

The Times notes that almost three-quarters of Apple workers in the United States are Apple Store employees and discusses the pay they receive for their duties.


There has been plenty of attention focused on Apple's new Maps app, which is part of iOS 6, as the consumer tech giant moves away from Google (GOOG) Maps, and integrates its own service.

As part of the company's attempt to revamp its map strategy, Apple is going to integrate Yelp check-ins, according to Bloomberg.

The check-ins will be integrated directly into the app itself, so that users will not have to go anywhere else to see where their friends have checked in, using Yelp's tagging system.

Shares of Apple were edging slightly lower Monday, off 1.19% to $575.17.

Interested in more on Apple? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

--Written by Chris Ciaccia in New York

>Contact by Email.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,294.50 -12.67 -0.08%
NASDAQ 3,459.42 -3.88 -0.11%
S&P 500 1,650.51 -4.84 -0.29%
US 10 Yr 2.023% -0.003

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs