Will PlayBook steal iPad 2’s thunder?

Imagine how convenient it’ll be to make payments at restaurants or stores with your iPhone or iPad! Imagine how great it’ll be to have a fast checkout process and not have to wait in line. According to Bloomberg’s report, Apple’s next iPhone and iPad are expected to have NFC technology.

NFC technology (near field communication) that is gaining popularity, allows various forms of data transfer between the iPhone and other NFC capable devices. NFC technology receives and sends out information at distances up to 4 inches. This means iPhone and iPad users will soon be able to make payments using NFC.

The key to this is iTunes, or better say the payment system within iTunes that is already in use by millions and millions of people around the world. By entering the payment service market, Apple has a massive opportunity. By including NFC into its iPhone and iPad, Apple could use its existing iTunes accounts and give consumers an alternative to traditional financial services by Visa, MasterCard and PayPal.

Right now, Apple has launched a prototype for the payment services by allowing smaller businesses to scan NFC-enabled devices.  Upcoming versions of the AT&T iPhone and iPad 2 are expected to have the technology enabled and the technology is anticipated to be available by mid 2011.

If Apple can nail NFC and tie it directly into their iTunes payment system, it could change everything. This can be an evolution of the payment system within iTunes.

This could be the greatest tactic they’ve ever pulled. Is it possible that Apple and iTunes will replace Visa and Mastercard? From our perspective, it seems unlikely that they will go that far due to the complications and the financial burden associated with giving consumers credit.  But I guess we will never know how far they will go and we will just have to wait and see!

Steve Jobs, the visionary co-founder and chief executive of Apple Company hasn’t exactly been in the best shape for a while now. Mr. Jobs, 55, who recovered from pancreatic cancer after surgery in 2004, has not appeared at public events since October. He appears considerably skinnier these days & now he’s taking time out.

Steve Jobs sent out an e-mail message to all Apple employees saying that he is taking “a medical leave of absence”, so that he can focus on his health. He says that he will continue as CEO and be involved in major strategic decisions for the company; only, he’ll do it from home. This is the third time he is taking a step back in less than a decade. Whether Steve Jobs returns or not, he will definitely be hard to replace; it was because of him & his extremely talented team that the company succeeded over the past years.

Steve Jobs’s perseverance, management style, innovative qualities, creativity, outlook on design, charisma, and overall business “know how” can’t simply be replaced. His unique & great qualities have made him the technological guru of his time and of technology today.

Steve Jobs kept the development of products like the iPhone 4 and iPad on track, increased Macintosh computers sales and improved Apple’s financial performance during an economic downturn; his performance has always been a heavy dose of reassurance for the investors. He succeeded many negotiating grounds because of the strength of his personality. The persuading & negotiating role that he has is very important, as Apple seeks to become a bigger power in media distribution. It would be hard for anyone in the industry to have a comparable level of influence as Steve Jobs does.

Of course no one expects Apple to suffer in the short term, as the company has a long product cycle. But we don’t know what will happen over the long term if Mr. Jobs does not return. The problem here isn’t the operations of Apple and their ability to keep doing what they’ve been doing; the problem here is that Steve Jobs’ inspiration is irreplaceable. With all his unique characteristics and talents, and the breakthrough innovation he introduced to Apple, we are not sure if anyone can fill his shoes.

He changed many lives for the better. We hope he’s back on his feet soon and returns to work at Apple.