Apple (AAPL) to Include NFC E-Wallet Chips in Future iPhones -NYTimes (NXPI) (QCOM)

March 21, 2011 5:16 PM EDT
While Apple Inc. (NASDAQ: AAPL) has said that it plans to bring near-field communications (NFC) technology to a future version of the iPhone, a report from the NY Times today suggests that Apple may not include the NFC technology in the next version of the iPhone (the iPhone 5), expected to launch this summer.

The report stated that the iPhone e-wallet chip will be created by Qualcomm Inc. (NASDAQ: QCOM) and will allow future models to make mobile payments, effectively making the smartphone a credit card.

Rumors have been flying since Apple opted to not include the NFC technology in the iPad 2 released earlier this month.

Forbes reported last week that NFC technology will be included in the iPhone 5, but other media reports have refuted this rumor.

Like all other Apple devices, rumors will continue to swirl and the details will become less murky as the launch date nears.

NXP Semiconductors NV (NASDAQ: NXPI) makes the technology surrounding NFC chips and stands to benefit greatly once Apple brings the capabilities to its myriad devices.

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