Gemalto Sees Apple Products as Opportunity, Not Threat
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Apple Inc.’s latest products are an opportunity for Gemalto NV and have been wrongly perceived as a threat, said Chief Executive Officer Olivier Piou.
Analysts from Barclays Plc to Berenberg last week said some of Apple’s most recent announcements could jeopardize sales and profits at Gemalto, a developer of software and chips that make transactions more secure. Shares of Amsterdam-based Gemalto fell more than 12 percent this month through yesterday as Apple unveiled new models of its iPad tablet including an Apple SIM card and its own mobile wallet dubbed Apple Pay.