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Will Apple kill PayPal Pay?

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PayAppleturnsiPhone intocredit cardApplewants toget ridof ourpocket cardsand credit cards.WallStreetis nervousthat consumerscan tiponline payment servicePayPalalso.Shares ofPayPalownereBay (EBAY, Tech30) fell 3% on Wednesday. Thisdown 3% Tuesday after Apple(AAPL, Tech30) released its mobileApplePayfollows.

Isjustified6%sellon eBay?DoesApplereally onlymakeobsoletePayPal?Yes and no.

"There is the potential forAppleto disruptthe competitive position ofPayPalTheseare legitimate concerns. - For phones in particular," saidVictorAnthony, an analyst at TopekaCapitalMarkets.



However,AnthonythinksPayPalwill continue to reportstrong results fromeBayfor the coming quarters. He says therisk ofAppleis one ofthe longer term.
PayPaliseBaymakingsexy: Butit's understandable whyinvestorswould benervouseBay. PayPal,after all,is the most excitingpart of the businessofeBay.PayPalrevenuesaccounted for over 40% of all eBay salesin its most recentquarter.Andpaysalesrose 18% from a yearago,comparedw…

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