geekmee

I think Apple just redefined “Doomed.”

“ Goldman Sachs' CFO has gone on record stating that he felt as though the Apple Card was a risk, and that "We'll continue to look at it on a risk-adjusted return basis." 

Why would Apple give up a unique marketing position by allowing other third party web sites synch with their customer’s data??...
There’s no benefit to Apple.

Appleish said:

razorpit said:

And now that the first month has passed, the AppleCard starts generating revenue...

Goldman Sachs gets a cut on every purchase right up front, no matter what the % cash back is. 

So, now that the first month has passed, the AppleCard starts generating interest revenue...

I did not know that... But I’d feel more confident if you cited the source of that as being a fact.

The way I see it this arrangement is no different than other affinity cards, except Apple is doing the advertising and the card is virtual, a BIG unique marketing offering that no other card offers. Plus, Goldman Sachs gets to be associated with the most valuable company on stock market. Unless you can cite some facts, I don’t see any reason Apple should give them a ‘cut’ of every purchase.
What is Goldman Sachs afraid they are going to lose being associated with Apple??

Of course he would say that...

He’s got a book to sell.