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Jan. 27, 2022, 6:03 a.m. EST

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

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By Steve Goldstein

Shares of Block /zigman2/quotes/205989440/composite SQ -3.80% traded 3% lower in early premarket action after Bloomberg reported that Apple /zigman2/quotes/202934861/composite AAPL +1.81% 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.

/zigman2/quotes/205989440/composite
US : U.S.: NYSE
$ 80.27
-3.17 -3.80%
Volume: 4.91M
May 23, 2022 10:20a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$48.44 billion
Rev. per Employee
$1.94M
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 140.08
+2.49 +1.81%
Volume: 25.35M
May 23, 2022 10:20a
P/E Ratio
22.60
Dividend Yield
0.66%
Market Cap
$2226.92 billion
Rev. per Employee
$2.51M
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