Apple and Goldman Sachs are on the verge of splitting up, and Chase is the ideal partner to step in. Also: Sonos gets ready to take on Apple and others in headphones and TV set-top boxes; Apple continues eyeing 6G; and new retail stores are coming.
  • Fury_Gaming@alien.topBEnglish
    1·
    10 months ago

    At this point, Apple needs to start a bank under their parent company and just use that

    I’m no economist but is this not an option? They’re one of the largest companies in the world, surely they can figure it out if seats at one point did

  • TrainingCheesecake@alien.topBEnglish
    1·
    10 months ago

    This would cannibalize their Freedom Unlimited card, no? 1.5X on Freedom Unlimited vs 2X on the Apple Card, though UR is better in a lot of cases vs straight cash back.

    Would make sense since Chase have extensive experience with consumer banking, unlike Goldman.

  • Gon_Snow@alien.topBEnglish
    1·
    10 months ago

    At least not Amex. That would make all my credit cards Amex.

    I really wanted them to keep Mastercard as it covers really well merchants, especially outside the US that Amex doesn’t have.

  • undertheskin_@alien.topBEnglish
    1·
    10 months ago

    Interesting. Could be an easier option for rollout in other markets, as Chase operate in big markets like Canada and UK

  • LordVigilant@alien.topBEnglish
    1·
    10 months ago

    I‘d wager Apple won’t announce anything till middle of 2024. The migration of users will probably see several stalls to the timeline.

  • tjoinnov@alien.topBEnglish
    1·
    10 months ago

    Is GS getting out because it’s not profitable and people are paying balances off in full AND banking high interest savings? If so why would any bank take that on?

  • UndeadWaffle12@alien.topBEnglish
    1·
    10 months ago

    I hope they go with Amex or someone else who operates in Canada. I’ve wanted an Apple Card since it was announced but they never made it available in Canada

  • chiarde@alien.topBEnglish
    1·
    10 months ago

    Holding out for the Diner’s Club International Apple MasterCard [tm].

  • favicondotico@alien.topOPBEnglish
    1·
    10 months ago

    Also of note, Apple is turning more of its attention to 6G, even as it works on 5G cellular modem.

  • undernew@alien.topBEnglish
    1·
    10 months ago

    Surprise surprise, a random blogger with “supply chain sources” out of Japan does not know the status of Apple’s 5G modem.

  • NYPD-BLUE@alien.topBEnglish
    1·
    10 months ago

    They’ve been reporting this info for like a year. I wonder if it’ll ever happen.