“There’s a wide range of possibilities for Apple around payments,” Sterling said. “Because they have so many credit cards on file, that’s a ripe fruit waiting to be picked.”
The fingerprint technology is initially being used to confirm the purchase of a song or movie through iTunes, or an application from Apple’s App Store.
The technology is not currently available to outside developers. If Apple were to unlock it, a slew of new business-focused applications will be built, Yankee Group analyst Carl Howe said.
Businesses anxious about security will see the technology as a way to protect their data because employees would need to enter their fingerprint to access company files, he said.
“With one move, Apple may become the favorite phone of IT departments because of the fingerprint authentication,” he said.
Another new chip that Apple announced last week, the A7, has a capability that up until now has been used in more powerful personal computers. By putting a 64-bit processor in a smartphone, Apple could be paving the way for a merging of its phone and computer operating systems, Bajarin said.
That could spell bad news for Intel, which currently provides chips for Apple’s Mac line, Bajarin said.
“Even though it is only in the iPhone now, it clearly has potential to go into their tablets and even their PCs,” said Bajarin, who studies the semiconductor business.
He added that the A7 chip can go into a future Apple television product for more powerful applications like video games.