Block shares lower on report Apple to let iPhones accept payments without extra hardware

Shares of Block /zigman2/quotes/205989440/composite SQ -0.51% traded 3% lower in early premarket action after Bloomberg reported that Apple /zigman2/quotes/202934861/composite AAPL +1.41% is planning a service that will let businesses accept payments on iPhones without the need for additional hardware. Block operates the popular small-business payments service Square. The report said the Apple service will be coming in months.

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Block Inc.

US : U.S.: NYSE

$ 59.00

-0.30 -0.51%

Volume: 10.09M

May 26, 2023 4:02p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$32.11 billion

Rev. per Employee

$1.49M

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Apple Inc.

US : U.S.: Nasdaq

$ 175.43

+2.44 +1.41%

Volume: 54.83M

May 26, 2023 4:00p

P/E Ratio

29.81

Dividend Yield

0.55%

Market Cap

$2759.29 billion

Rev. per Employee

$2.35M