The Trader 

Market Outlook: Upsetting the Apple card

The Trader

Yesterday the Wall Street Journal reported that Apple and Goldman Sachs are planning to jointly issue a new credit card, possibly as early as Q1 2019.  This would reinforce the iPhone maker’s services arm, where revenues grew 31 per cent in Q1 2018.  Goldman has expanded into retail banking to offset tough times at its trading division.

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