OTIV jumps on iPhone NFC report; NXPI near breakeven

|By:, SA News Editor

NFC reader vendor On Track Innovations (OTIV +7.8%) is up sharply following a Wired report stating the iPhone 6 (NASDAQ:AAPL) will feature an NFC radio and support a new mobile payments platform.

VentureBeat and others have already reported the iPhone 6 will support NFC. Likewise, there have been multiple reports stating Apple is prepping a mobile payments service, and Tim Cook has hinted payments are an area of interest for his company.

Top NFC chip supplier NXP (NXPI -0.2%) might also benefit if the iPhone 6 supports NFC. While many Android OEMs have embraced the technology, Apple has remained a holdout, and (with early NFC-based payments platforms seeing limited uptake) has even questioned NFC's practical value.