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.
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.
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.
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.
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.
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.
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 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.
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 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.
