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Layoffs in some of Apple's retail channels have begun
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Apple Card is a drag on Goldman Sachs, says CEO
neverindoubt said:eightzero said:First: boo hoo hoo for GS.
Second: how does a credit card actually lose money for the issuer? I get that some people simply welch, and that the card issuer offers incentives in cash back, but AC is no different that any other card in this regard. GS gets the usual swipe fees, and I'm guessing AAPL gets a cut. The article cites a $350 cost for each customer, but wgi did they pay that to? AAPL? Or is this some sort of aggregate overhead cost cited to bring out the pity party for GS "losses?"
Third: boo hoo hoo for any credit card company.
Once you have a credit card customer, it’s hard to lose money on them individually, but your business can definitely lose money overall if the customers cost too much to acquire. -
2023 16-inch MacBook Pro vs 2021 MacBook Pro - compared
Skeptical said:Let me guess. It’s faster. -
Apple considering 2025 debut of touchscreen MacBook Pro
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Kuo doubles down on iPhone 15 Pro having no physical buttons