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Apple's Worst Kept Secret: Mobile Payments

Apple is one of the most well-known and respected brands in the world and, as the mobile payments industry continues to take shape, Apple could disrupt a whole new market. In a recent note, Citi research estimates that mobile payments "could see a transaction value of $1 [trillion] by 2016," though there are various wide-ranging estimates on how big it could ultimately be.

The tech giant has hinted that payments could be the next big thing as it transitions the perception about it from a hardware company into more of a software and services company. Perhaps we'll find out if payments are indeed the next big thing for Apple once the next iPhone and iPad are released, and if Apple has "one more thing" waiting.

-- Written by Chris Ciaccia in New York

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