AAPL: B2B Checkout Adds Apple Pay Option — But $490M China iPhone Demand Settlement Still Weighs

Court: N.D. California

Case: 4:19-cv-02033

Apple Pay is now supported in B2B Checkout, allowing wholesale customers to complete orders and invoices without manually entering card details. This streamlines payments and simplifies reconciliation in the admin panel. For blended stores, Apple Pay will automatically be available for wholesale orders without payment terms, and merchants can control availability through Checkout Blocks. While this improves Apple’s digital payments footprint, the company continues to contend with the aftermath of a $490 million investor settlement related to past disclosures on China iPhone demand.

Key Developments

• Apple Pay added as a payment method in B2B Checkout for wholesale customers
• Works automatically for blended stores with DTC Apple Pay enabled
• Checkout Blocks allow merchants to control Apple Pay availability
• Feature improves checkout speed and payment reconciliation for B2B transactions

Timeline Overview

• Nov 1, 2018: Tim Cook states Apple faces sales pressure in some countries, but not China
• Jan 2, 2019: Revenue forecast cut by $9B, citing U.S.-China trade tensions and weak China iPhone demand
• Jan 3, 2019: AAPL falls 10% on disclosure
• Apr 16, 2019: Investors sue over alleged misrepresentation of iPhone sales and business prospects in China

Allegations Include

• Downplaying the impact of the trade war on China iPhone sales
• Concealing effects of battery replacement discounts on new iPhone demand
• Misrepresenting outlook despite internal warnings

Investor Update

Apple AAPL has agreed to a $490 million settlement to resolve claims it misled investors regarding weakening iPhone demand in China, closing out litigation tied to its 2018–2019 disclosures.

You can check more information about it and file for a payout HERE.