waveparticle

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  • Goldman Sachs may be trying to get out of its Apple Card deal

    waveparticlewaveparticle
    Xed said:
    JP234 said:
    netrox said:
    Why is it bleeding? 
    LOL!!! Too many cardholders paying off their balances every month (you get alerts to pay in your wallet). 2% discount on ApplePay. 3% for using ApplePay on Apple products. 
    Apple Card doesn’t charge users any fees other than interest. Whereas other card companies nickel and dime with things like late fees and foreign transaction fees, Apple Card does not. Add to that $350 per customer acquisition cost mentioned in the article.

    Don't cry for Goldman Sachs, America. From their 2022 yearly report, and I quote: "Net revenues were $47.4 billion, net earnings were $11.3 billion and diluted earnings per common share were $30.06." Contrastingly, Apple in 2022 reported net revenues of $94.84 billion. net earnings of $24.16 billion, but diluted earnings of only $1.52 per common share. Of course there are far more shares outstanding at Apple.
    I do not understand the role of Goldman Sachs as the bank for Apple Card. Apple Card is a credit card the transactions is handled by MasterCard. So what is the role of Goldman Sachs? 
    Let me walk you through this.

    Do you have any credit or debit card? Of course you do.

    Do you see Mastercard or Visa on those card? Of course you do.

    Do you also see a bank on there? Of course you do.

    Well there you go. It is the financial institutions that issue and distribute credit and debit cards. It's the job of MC and Visa to be the payment networks to facilitate the processing of payments between your bank and the merchant.
    Yes. I went through careful thinking on this credit card. I may still live in the old ages. In the old ages, there is a credit card company and a bank. The card company is responsible for the transactions. The bank will pay the merchants. Maybe twenty years ago, the credit card find a new business model to promote credit card uses. They sign up merchants. The customer will get discounts or cash back by using a credit card associated with a particular merchant by making purchases with the merchant. This new business model caused an explosion of credit card issuing. Some people get tens of different credit cards. 
    watto_cobra

  • Goldman Sachs may be trying to get out of its Apple Card deal

    waveparticlewaveparticle
    JP234 said:
    netrox said:
    Why is it bleeding? 
    LOL!!! Too many cardholders paying off their balances every month (you get alerts to pay in your wallet). 2% discount on ApplePay. 3% for using ApplePay on Apple products. 
    Apple Card doesn’t charge users any fees other than interest. Whereas other card companies nickel and dime with things like late fees and foreign transaction fees, Apple Card does not. Add to that $350 per customer acquisition cost mentioned in the article.

    Don't cry for Goldman Sachs, America. From their 2022 yearly report, and I quote: "Net revenues were $47.4 billion, net earnings were $11.3 billion and diluted earnings per common share were $30.06." Contrastingly, Apple in 2022 reported net revenues of $94.84 billion. net earnings of $24.16 billion, but diluted earnings of only $1.52 per common share. Of course there are far more shares outstanding at Apple.
    I do not understand the role of Goldman Sachs as the bank for Apple Card. Apple Card is a credit card the transactions is handled by MasterCard. So what is the role of Goldman Sachs? 
    watto_cobra

  • Apple is the world's biggest company at $3 trillion -- again

    waveparticlewaveparticle
    Mondain said:
    $3T is quite an obscene amount of money. This is equivalent to the GDP of all Latin American countries.

    Eventually, we must draw a line between what one has and how much it is deserved. 
    It is hard to imagine the wealth of AAPL is shared by millions of investors. If you include mutual funds that holds Apple stock then the wealth is literally shared by ALL people. 
    jony0

  • Apple is the world's biggest company at $3 trillion -- again

    waveparticlewaveparticle
    MacPro said:
    eriamjh said:
    $4T in/by FY 2025 is crazy, but not unattainable.    

    Vision Pro may help.   It may not.   M hoping it does.   2024 could be crazy.   


    I agree.  I suspect the Vision Pro is just the start of a new multi-$B leg to the stool that is Apple.  Those VisionPro headsets will be being auctioned off in unopened boxes in 25 years for millions, as examples of how it all began.
    A foldable iPhone will propel AAPL to 4T. 
    Afarstarwilliamlondon

  • Apple playing chess, while others play checkers in march to $3 trillion

    waveparticlewaveparticle
    191 is the AAPL price that Apple market value hits 3 trillion dollars. 
    watto_cobra