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'Apple Pay Later' Might Crush These Growth Stocks

·5 min read
'Apple Pay Later' Might Crush These Growth Stocks
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Apple (NASDAQ: AAPL) is best known for its consumer tech devices like the iPhone, the iPad, the Apple Watch, and its Mac line of computers. Apple Pay is used by over 500 million people globally, and at the company's Worldwide Developers Conference earlier this week, it revealed a new addition to the ecosystem: Apple Pay Later. Given that Apple lives in the pockets of over 1.2 billion people through its iPhone, the company has a real chance to disrupt the progress of current BNPL leaders such as Affirm (NASDAQ: AFRM) and Block (NYSE: SQ), which owns Afterpay.