Goldman Sachs - page 2

Apple Card isn’t for jailbreakers or cryptocurrency buyers

By

Antana/Flickr CC
Not the card for Bitcoin lovers.
Photo: Antana/Flickr CC

Apple eagerly anticipated Apple Card could be the most consumer-friendly credit card on the market. However, there are a few rules that could put off a small number of users.

In Goldman Sachs’ customer agreement for the card, it notes that Apple Card is not for people who jailbreak their iPhones. And it can’t be used for buying Bitcoin, lottery tickets, and a few other things, either.

Apple Card might come to Canada soon

By

Apple Card
Perhaps Canada will be the second country to get Apple Card.
Photo: Apple

Canadians should start polishing up their credit ratings, as they soon may be able to apply for a shiny new Apple Card.

The US launch of this credit card will happen in the coming weeks. Canada might not be far behind.

Apple drops yet another iOS 12.4 beta and more

By

Apple Card
iOS 12.4's public launch could coincide with Apple Card's launch.
Photo: Apple

Developers received a fresh new batch of beta updates this morning, but if you were hoping for new iOS 13 goodies you’ll be sorely disappointed.

Apple released its seventh beta for iOS 12.4, the update that adds support for Apple Card. We assumed the update was pretty much ready to launch back when beta 5 came out, but it looks like we might have to keep waiting a while longer for Apple Card to launch.

Apple Card already costing Goldman Sachs big bucks

By

Apple Card
The bank backing the Apple Card is making a big bet on its success.
Photo: Apple

Goldman Sachs is taking on Apple‘s much-anticipated credit card as part of pivoting from investment banking to consumer banking. But it’s not coming cheap: the company has spent $275 million this year on the Apple Card and other consumer-oriented initiatives.

Apple Card beta opens to thousands of retail workers

By

Apple Card
By design, Apple Card helps customers understand and track their spending.
Photo: Apple

Apple is rapidly expanding the beta program of its credit card by letting thousands of its retail employees test it out.

With a public launch slated for later this summer, Apple is reportedly working out the final kinks with an internal group so it can launch on time this summer.

Goldman Sachs CEO says he’s already using Apple Card

By

Apple Card
Are you excited about Apple Card?
Photo: Apple

The Apple Card hasn’t publicly launched yet, but employees at both Apple and its partner Goldman Sachs are already publicly testing out the credit card.

In an interview at Recode’s Code Conference, Goldman Sachs CEO David Solomon talked about his experience of using the joint credit card. Perhaps unsurprisingly, he really, really likes it.

Goldman Sachs isn’t worried about lack of profitability for Apple Card

By

Apple Card
Apple Card will launch this summer.
Photo: Apple

Apple Card partner Goldman Sachs is taking a very Apple approach to making money from the venture, by pushing customer loyalty over squeezing out as much profitability as possible.

At an “IGNITION: Transforming Finance” event on Monday, Omer Ismail, who heads up Goldman’s Marcus division, talked Apple Card. Ismail also explained why he’s not worried about a potential lack of profit.

Citigroup reportedly pulled out on Apple Card deal

By

Apple Card
Apple Card might be the most consumer-friendly credit card ever.
Photo: Apple

One of Goldman Sachs’ biggest rivals pulled out on a deal that would have made it the bank backing Apple Card.

Citigroup reportedly was in advanced negotiations with Apple but pulled out of the Apple Card deal due to doubts that it will be profitable.

Apple Card’s colorful packaging revealed ahead of launch

By

Apple Card packaging
Here’s how Apple Card will be presented to consumers.
Photo: Ben Geskin

New photos reveal how Apple Card will be presented to consumers when it starts reaching early adopters this summer.

It’s the first time we’ve seen the titanium Card’s fancy packaging since it was announced back in March. It is said to be in beta testing with Apple employees ahead of its launch.

Goldman Sachs eyes new markets for Apple Card

By

Apple Card
Are you ready to sign up for Apple Card?
Photo: Apple

Apple Card may be exclusive to the U.S. for now, but Goldman Sachs hints that won’t always be the case.

Apple’s partner says it will be looking at plans to bring Apple Card to other markets in the future. Goldman CEO Richard Gnodde expects the card to take off quickly over the summer.

These are the ‘low rates’ currently available for Apple Card

By

Apple Card
Apple Card sounds awesome. But read the small print.
Photo: Apple

Against all odds, Apple’s introduction of its “Apple Card” credit card managed to outshine Hollywood’s finest stars at yesterday’s keynote event. Among the card’s nifty features, Apple promised an interest rate among the lowest in the industry.

But is it? Details on the new Apple Card website include the “lower interest rates” in their footnotes. And while they’re certainly not excessive, they’re also not quite as low as you might think.

Apple may launch its own credit card this spring

By

money
Apple could team up with Goldman Sachs for the launch.
Photo: Ste Smith/Cult of Mac

Apple and Goldman Sachs are teaming up to create a joint credit card, according to a new report. The card may offer savings to Apple customers, in addition to making it easier for them to keep tabs on spending.

The Wall Street Journal claims that Apple be using the MasterCard payment network for its endeavor. It is rumored to be rolling out as soon as this spring.

Goldman Sachs thinks Apple could be the next Nokia

By

Nokia
Nokia could have more in common with Apple than first though.
Photo: Nokia

A Goldman Sachs analyst thinks Apple’s revised earnings guidance might be the start of a longer-term story. According to Rod Hall, Apple could slash numbers even further later in the year, due to lowered expectations about iPhone sales.

Hall goes on to liken Apple to Nokia, a fallen giant in the mobile game. The company ruled the market early on, only to run into problems.

Goldman Sachs worries that iPhone demand is ‘deteriorating’

By

iPhone XS Max
Apple's new iPhones are great. But are they the money-spinners Apple is hoping for?
Photo: Ed Hardy/Cult of Mac

Goldman Sachs has added its name to the list of financial institutions worried about stagnating iPhone sales.

“We are concerned that end demand for new iPhone models is deteriorating,” Goldman Sachs wrote in a new note to clients. The firm estimates that Apple will produce 6 percent fewer iPhones next year than it did in the year previous. However, the big investment banking company admits it could be jumping the gun.

Apple, Goldman Sachs team on rewards credit card

By

Apple, Goldman Sachs credit card will replace Apple Reward Card
Get ready to tear up your Apple Rewards Card. The company will release a replacement next year with Goldman Sachs.
Photo: Ed Hardy/Cult of Mac

Apple is working with Goldman Sachs to release a credit card, according to an unconfirmed report. This will apparently take the place of the company’s current Rewards Visa.

The card will be offered under the Apple Pay brand. Goldman Sachs will allegedly replace Barclays as Apple’s partner for credit cards.

iPhone 8 could start at $1,000

By

money
Start saving now for this year's iPhone!
Photo: Ste Smith/Cult of Mac

According to Goldman Sachs, the iPhone 8 is set to be Apple’s priciest iPhone ever by quite a wide margin. A note from analyst Simona Jankowski claims the next-gen iPhone will carry the suitably next-gen price of $1,000.

More specifically, Jankowski predicts that the 128GB iPhone 8 will sell for $999, while the 256GB version will set you back a whopping $1,099.

Apple stock hits all-time high

By

apple stock price
Apple stock prices spent the whole year on the rise and ended trading Wednesday with a $1 trillion valuation.
Photo: Buster Hein/Cult of Mac

It’s a great time to be an Apple shareholder.

Aided by a increased confidence rating from Goldman Sachs, Apple shares hit an all-time high today, with the price jumping to $133.76 per share before closing just above the company’s previous record of $132.54, set on May 17, 2015.

Apple Prime? Here’s why it might be a great idea

By

money
Would an Amazon Prime-style service work for Apple?
Photo: Ste Smith/Cult of Mac

Apple should take a note out of Jeff Bezos’ playbook and launch an Amazon Prime-style subscription service, claims an analyst for Goldman Sachs.

“We think Apple should launch a subscription bundle as a way to reinforce iPhone loyalty and leverage it into content,” Simona Jankowski writes in a new note to clients. In the brief, Jankowski and colleagues ponder the potential of a $50 monthly subscription that would get customers the latest iPhone plus other services like Apple TV, Apple Music and freemium access to the iTunes library.

iPhone 7 demand predicted to be ‘remarkably high’

By

Apple iPhone 6s
The iPhone 7's reception will be anything but frosty.
Photo: Ste Smith/Cult of Mac

Forget about the “peak iPhone” problem: Goldman Sachs thinks this year’s iPhone 7 is going to be a big one for Apple.

Coming off the back of Apple selling its billionth iPhone sometime this summer, the bank’s senior equity research analyst Simona Jankowski says the number of people clamoring to get their hands on Apple’s next-gen iPhone will be “remarkably high.”

Now is a great time to bet on Apple, says Goldman Sachs

By

Apple store istanbul
Step right up and place your AAPL bets.
Photo: Apple

Stocks have been getting crushed all year, but according to Goldman Sachs, now is the perfect time to starting betting on Apple options.

Goldman Sachs’ options team has pointed out that Apple options prices are especially low right now compared to the the S&P 500, making it a great target for purchasing a ‘straddle’, which could score investors a big payday if Apple shares move higher or lower than currently expected.

Straddle options work by allowing investors to purchase a bullish and bearish option on a stock so that they make money off the volatility of shares. It’s an advanced investment for most traders to make and it’s not cheap, but Susquehanna’s Stacey Gilbert explains that it’s cheap relative to volatility expectations for the overall market.

Apple stock is a Must Buy, according to Goldman Sachs

By

Apple raked in the cash last quarter.
Apple's untapped financial frontier could be software.
Photo: Jim Merithew/Cult of Mac

I’ll never cease to be amazed by how Apple can announce record-beating quarters and introduce hit product after hit product, only for Wall Street to turn around and channel the old disapproving parental message of, “We’re not angry, just disappointed.”

Fortunately, Goldman Sachs has broken with tradition by issuing a note to clients with its strongest of recommendations that they buy AAPL stock — stamping it with a “conviction buy” rating, based on Apple’s potential for continued growth.