Wednesday, May 23, 2018

Starbucks’s Mobile Payments System Has More Users Than Apple’s Or Google’s

From Recode, "Starbucks’s mobile payments system is so popular in the U.S., it has more users than Apple’s or Google’s: New estimates predict that it will stay that way." by Rani Molla:
By the end of this year, a quarter of U.S. smartphone users — 55 million people — over the age of 14 will make an in-store mobile payment. More than 40 percent of those people will have done so through Starbucks’s mobile payments app, according to new data from research firm eMarketer.

The Starbucks app, which launched before the other three top payments apps — Apple Pay, Google Pay and Samsung Pay — has long been the most successful payments app. It’s likely going to maintain that lead over the next few years.
By year’s end, Starbucks will have 23.4 million users in the U.S. who have made an in-store mobile payment in the previous six months, according to eMarketer’s estimates. That number is higher than the 14.9 million customers who are part of Starbucks’s rewards program, which only counts monthly active users; customers also don’t have to be rewards members to make purchases using the app.

Friday, May 4, 2018

Annual And 4th Quarter Real GDP Change By State

From Bureau of Economic Analysis, US Department of Commerce, "Gross Domestic Product by State: Fourth Quarter and Annual 2017: Texas Had the Fastest Growth in the Fourth Quarter:"
Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the fourth quarter of 2017, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the fourth quarter ranged from 5.2 percent in Texas to -1.3 percent in North Dakota (table 1 [Omitted]).

Source: BEA
Annual GDP by state in 2017

Real GDP grew in 47 states and the District of Columbia in 2017. The percent change in real GDP ranged from 4.4 percent in Washington to -0.2 percent in Louisiana (table 4 [Omitted]).

Source: BEA