With a massive rollout planned for its mobile payments service, Apple has been keeping its fingers crossed that the service will finally arrive sometime in 2019.
In an investor call this morning, Apple CEO Tim Cook said the company is “looking at the next year” for Apple Pay, but didn’t say how soon it will be ready.
“We’ve got a couple of things in mind right now,” Cook said.
“One is a mobile payment product that will be available in the next 12 months.
And we’re going to be making some announcements about that in the coming weeks and months.”
The other thing that we’re doing, which we’re not talking about publicly, is that we’ll be launching the new Apple Pay platform in the near future, so it’ll be available to consumers at the start of the year.
Cook also addressed rumors that Apple was preparing to sell off Apple Watch hardware, and instead focus on making its wearable-oriented services more profitable.
“This is the thing where we can talk about it all we want, but at some point you’ve got to recognize that you’ve still got to deliver,” Cook told the conference call.
“We need to get Apple Watch back in the black, because it’s still in the beginning.”
Apple Watch and its companion apps and accessories have helped the company turn a profit since launching in 2015.
The company’s revenue rose 13 percent in the third quarter, to $3.1 billion.
Apple Pay will become available to iPhone, iPad and iPod touch users at launch, but will also launch in Apple Watch and Watch Sport models in 2019, according to Cook.
The company plans to launch more than 150 million Apple Watch units by the end of 2019.