PayPal: Apple Fears Overblown


  • Apple’s new payment products released at the WWDC pose a direct threat to PayPal.
  • PayPal continues to innovate enough for solid growth, but the payments company has failed to create the types of products to distinguish the company from competition like Apple Pay.
  • The stock remains undervalued, trading at ~12x full non-GAAP EPS estimates, though the company has confused the market by now including SBC in estimates.
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Apple (AAPL) just released some payment products with a potential direct impact on PayPal Holdings, Inc. (NASDAQ:PYPL) (NEOE:PYPL:CA). The global payments company offers an intriguing value, yet questions about growth linger, especially following a disappointing

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