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The beachhead outside the US marks a major step for Apple's mobile payments system as it faces competition from Samsung Pay and Google's Android Pay.
If the report is accurate, this would be the first step for Apple's mobile payments system outside the US as the company struggles to hash out deals with foreign banks.
While Apple's CEO Tim Cook may be optimistic, Apple Pay faces obstacles before it can garner support from Chinese banks.
iPhone users in China may have a long wait before getting Apple's mobile payments system. Negotiations with the only bank in the country that conducts interbank payments aren't going well, says a new report.
Analysts estimate that Apple's preorders hovered around that milestone figure in the device's first weekend of availability.
With Chinese financial institutions playing hardball, Apple's new payments system may not make its way to the country anytime soon, according to MarketWatch.
The famed Israel psychic has a theory on why some iPhones bend, and he's out to prove it. Hint: it doesn't involve the phones' grade of aluminum.
A rumor popped up late last week that Google is eyeing a 40 percent stake in eBay. But analyst Gene Munster doesn't see such a deal in the cards.
After the famous singer brought a lawsuit accusing a Palm app of trademark infringement, the two parties come to an agreement.
The stock exchange went down around noon Eastern, but trading has finally resumed. Meanwhile, the S&P 500 continues to hold onto its gains.