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.

Tim Cook suggested during Apple’s earnings call earlier this week that the Cupertino company wouldn’t be announcing any new products until later this year. So it’s no surprise to see that analysts from Citigroup are now reporting that the iPhone 5S will be available in early September, alongside a new low-cost iPhone for emerging markets.

The Wall Street Journal reports that Apple has recently cut component orders for the iPhone 5 due to weaker-than-expected demand. The device enjoyed a successful start when it launched in September 2012, quickly becoming the Cupertino company’s fastest-selling iPhone. It appears, however, that sales since then haven’t quite been what Apple was originally expecting.

Treating yourself to an iPad 2 this Christmas? Well, you may want to hold onto your cash for a few months. According to sources in Apple’s supply chain, manufacturers have already begun shipping parts and components for the iPad 3, which is expected to launch in just 3–4 months.

With the Kindle Fire, Amazon has proved that it is possible to compete with the iPad, at least in the budget tablet market. Will they try to take the crown from the iPhone’s head next with a so-called Kindle Phone? Yup, maybe!