Apple’s upcoming year is expected to feature upgrades to its existing product line, but the company is expected to prep a bevy of cloud services running into 2012.
According to Piper Jaffray analyst Gene Munster, Apple won’t enter new categories in 2011. This year will be about harvesting gains from the iPad, iPhone, App Store, Mac and iPod and upgrades.
In 2011, Apple is expected to launch the iPhone at Verizon in the March quarter with iTunes cloud services also due this year. Munster reckons that the fifth generation iPhone will have NFC (near field communications) technology. NFC allows you to swap data with other devices and use your mobile device for payments.
Munster estimates that a NFC enabled iPhone sets the stage to use your iTunes account as a point-of-purchase tool. Apple has payment information for 160 million active iTunes accounts. That fact means Apple is best suited to turn the iPhone into a wallet.
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