Goldman Sachs may accept 'subprime' Apple Card applications

Apple Card is apparently being offered to more than just people with great credit scores, with Goldman Sachs allegedly approving applicants for the co-branded credit card with poor credit scores, in what could be a move to acquire as many customers as quickly as possible.

Malcolm Owen 6 years ago 127

Apple Card opened up to more users ahead of official launch

Apple has increased the number of people who can sign up for Apple Card ahead of its official launch, with more iPhone users now able to apply for the credit card from their devices.

Malcolm Owen 6 years ago 73

General consumer interest in Apple Card is 'remarkably high,' says survey

The benchmarking and survey company J.D. Power is predicting that Apple Card will be hit, based on the awareness and interest of US consumers ahead of its launch.

William Gallagher 6 years ago 53

Read the fine print of Apple Card's customer agreement

With a launch just weeks or even days away, Goldman Sachs has published the customer agreement for Apple Card, sharing APRs, usage restrictions and other details.

Roger Fingas 6 years ago 72

Apple Card to launch in first half of August

Sources say Apple Card is still on schedule to be released in the summer, only just keeping it within Apple's stated launch timeframe.

William Gallagher 6 years ago 53

Goldman Sachs spending heavily in preparation for Apple Card

Goldman Sachs has burned through considerable amounts of money on Apple Card and its other consumer-facing initiatives, with the investment bank revealing it has spent around $275 million in 2019 alone on public-based projects.

Malcolm Owen 6 years ago 12

Apple Card expected to earn Apple $1B annually with minimal risk to Apple

Apple Card could earn Apple $1 billion dollars in revenue within a few years of its launch, analysis of the upcoming credit card suggests, with the service likely to be "almost pure profit" to the iPhone maker while partner Goldman Sachs handles the vast majority of the risk and its operation.

Malcolm Owen 7 years ago 19

Citigroup bailed on Apple Card because of worries about profits

Citigroup was in the running to become the U.S. financial partner for the Apple Card, but abandoned the effort late into negotiations because of worries about "acceptable profit," a report claimed on Tuesday.

Roger Fingas 7 years ago 35

Mouse support for iOS possibly, next-day MacBook Pro keyboard repairs, and more on the AppleInsider Podcast

This week on the AppleInsider Podcast, William and Victor talk about rumors of mouse and trackpad support on iPads, Apple's speeding up keyboard repairs, and Victor goes to Moogfest where he learns about Focal headphones and Sensel Morph, a multi-touch input device.

Victor Marks 7 years ago 11

Goldman Sachs raises AAPL target to $182 citing stabilizing Chinese demand

Analysts at Goldman Sachs have improved their view of Apple's share, raising the stock's 12-month target price from $140 to $182 under the belief demand in China is no longer an issue, at the same time as anticipating Apple will beat its guidance for the upcoming financial results.

Malcolm Owen 7 years ago 29

Apple Card may reap $1.5 billion, be in top 10 card issuers by 2024

Apple Card may reap $1.5 billion in revenue and be in top 10 card issuers by 2024, resulting in a windfall not just for Goldman Sachs, but for the iPhone manufacturer as well, an HSBC analyst said in a Thursday memo.

Roger Fingas 7 years ago 17

Apple Card will roll out to additional countries, after US launch

Goldman Sachs International's CEO Richard Gnodde said that the Apple Card will see an international release, after an initial, focused deployment in the U.S.

William Gallagher 7 years ago 9

Goldman Sachs CEO David Solomon said to attend Apple's March 25th event

David Solomon, the chief executive of Goldman Sachs, is thought to be attending Apple's event on Monday, with his appearance suggesting there could be some potential discussions about the rumored co-branded credit card currently under development by the two companies.

Malcolm Owen 7 years ago 22

Goldman Sachs & Apple credit card with added iPhone features about to enter testing

Apple and Goldman Sachs are continuing to work on a project that could result in a jointly-produced credit card, one that offers extra functions in the Wallet app that may help users manage their spending and their accounts more effectively, without requiring a separate card-specific app.

Malcolm Owen 7 years ago 39

What to expect from Apple's holiday quarter results on Tuesday

Anxiety is mounting over Apple's December-quarter financial results, which will be officially revealed on Tuesday following a $5 billion-plus revenue downgrade to $84 billion earlier this month. Here's what some analysts are predicting.

Roger Fingas 7 years ago 25

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