Payments News

Dorsey Sees Square’s New Terminal Displacing ‘Dinosaur’ Devices on Merchant Countertops

Nov 07, 2018

Square Inc. on Wednesday played up its recent launch of an important new hardware product and celebrated what it called its first quarter of profitability under generally accepted accounting principles.

While executives did not discuss sales numbers for Square Terminal, a $399 touchscreen-equipped handheld device the San Francisco-based company released this summer, chief executive Jack Dorsey let it be known in a presentation to stock analysts he’s expecting big things from the new product. “We believe this is huge,” he said. “This is a release we’ve been really excited about for a long time.”

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