Chase could be the best partner for Apple Card, a report proposes, with previous history between the bank and the iPhone maker seemingly making it the best possible successor to Goldman Sachs for Apple's credit-based service.
Goldman Sachs and Apple seem likely to part ways by early 2025, but a vague statement from Apple provides little reassurance to existing Apple Card customers.
Goldman Sachs is expected to stop issuing the Apple Card in early 2025, as the companies seek other financial institutions to back the card and savings account.
Apple won't report its latest financial results until Thursday evening, but investment firm Goldman Sachs offered investors a first take following the conclusion of the Scary Fast event.
Following reports of financial firm Goldman Sachs's deteriorating relationship with Apple, the company's CEO has avoided saying anything about wanting to pull out of its Apple Card and Apple Savings deals.
Apple Card and Apple Savings are performing so poorly for Goldman Sachs, one executive has reportedly said that "we should never have done this f****** thing."
Goldman Sachs is encouraged by the improving PC market, but warns Apple and other vendors still face lower spending budgets for both consumers and enterprise.
Apple and Apple Card financial partner Goldman Sachs are said to have abandoned nascent plans to co-develop a stock trading app like Robin Hood for iPhones, but it's not completely clear why.
Shipping dates show that the iPhone 15 Pro Max is the best-selling iPhone 15 model worldwide, and is now backordered into November 2023.