Retail

Today In Data: Finance Update

At the core of every organization, the one element most cannot do without is money. Without it, businesses would likely shutter their doors for good.

As smartphones become more prevalent, JPMorgan Chase analysts have predicted a cut in the Q4 iPhone shipment forecast for this year, which will likely have an impact on Apple’s overall finances. Additionally, UK Finance has shared news of a significant increase in contactless payments, calling into question whether physical cash may become obsolete in the next five to ten years.

Here are the numbers:

42.2 million | Number of iPhones JPMorgan analysts predict for Q4 2017 shipment

49.5 million | Number of iPhones shipped in Q4 2016

18 percent | Increase in contactless payments, up from one year ago, according to UK Finance

£4.5 billion | Contactless payments in May 2017, according to UK Finance

£3.9 billion | Contactless payments in April 2017, according to UK Finance

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