Affirm shares are trading higher following a report suggesting Apple is discontinuing Apple Pay Later.
Portfolio Pulse from Benzinga Newsdesk
Affirm shares are trading higher following a report suggesting Apple is discontinuing Apple Pay Later.
June 17, 2024 | 6:30 pm
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POSITIVE IMPACT
Affirm shares are experiencing an upward trend due to reports that Apple is discontinuing its Apple Pay Later service, which could reduce competition for Affirm in the buy now, pay later market.
The discontinuation of Apple Pay Later by Apple could significantly reduce competition in the buy now, pay later (BNPL) market, benefiting Affirm. This news has led to a positive market reaction, driving Affirm's stock price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100