Goldman Sachs eyes new markets for Apple Card

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Apple Card
Apple Card won’t always be exclusive to the U.S.
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

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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

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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

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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’

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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

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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

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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.