Apple Pay could boost iPhone 6 sales

The addition of a mobile payments service to Apple’s next iPhone could help to boost sales of the larger-screen phones and claw back market share lost to mobiles running on Google’s Android platform.

At least six brokerages raised their price target on Apple’s stock by as much as $16 to a high of $116 yesterday, a day after the launch of the iPhone 6 and the Apple Watch — the first new product introduced by Chief Executive Tim Cook.

Piper Jaffray analyst Gene Munster said the “star of the show” was Apple Pay — the company’s new wireless payment system.