[steventruong]

In regards to your first comment, just because Apple makes their own iPhone and iPad cases doesn't mean they can't sell cases made by other vendors. The metaphor here is even if Apple adopts its own internal NFC system, that doesn't mean it can't continue selling Square devices. Of course its hard to say whether or not Apple would feel Square would be in direct competition at this point or not.

On your second comment, I agree that a targeted acquisition would help Apple get a lead in the payment space but we'll have to wait and see how the whole NFC thing plays out to make that judgement call.