Apple information $10 billion in Goldman Sachs backed accounts earlier than earnings

Apple has launched plenty of monetary options lately, together with financial savings accounts and buy-now-pay-later companies.

Courtesy of Apple

Apple stated that its customers have deposited greater than $10 billion in financial savings accounts it affords in partnership with Goldman Sachs..
The iPhone maker is stressing monetary companies as a development alternative forward of earnings which are more likely to present a slowdown in smartphone gross sales.

Apple (inventory ticker: AAPL) stated late Wednesday that customers have poured cash into the financial savings account — which is obtainable by Goldman Sachs (GS) and has an annualized yield of 4.15% — because it launched in April. The account is out there to co-branded Apple Credit score Card holders.

The assertion about this system’s success comes simply months after the Wall Avenue Journal reported that Goldman Sachs was making an attempt terminate his partnership With Apple as it really works to cut back its shopper exercise.

“We’re more than happy with the success of the financial savings account as we proceed to supply seamless merchandise and worth to Apple Card clients,” Liz Martin, head of enterprise partnerships at Goldman Sachs, stated within the firms’ joint assertion.

Apple has launched a spread of economic companies together with invoice cost options, bank card issuance, and buy-now-pay-later companies lately. It might present a supply of development in its earnings report, when it’s anticipated to report declines in iPhone gross sales and different electronics gross sales.

Write to Adam Clark at

Related Posts

Generac Holdings 2Q sales declined due to weak demand for residential products

China’s offshore banking 2Q internet S $1.71 billion vs. Internet S$1.28 billion > O39.SG

By BR Venkat Oversea-Chinese language Banking Corp.’s second-quarter internet revenue rose 34% year-over-year, helped by greater curiosity revenue. OCBC stated on Friday that third-quarter internet revenue was…

Meta begins blocking news in Canada - Google plans to do the same

Meta begins blocking information in Canada – Google plans to do the identical

Menlo Park, Calif. – Fb and Instagram’s dad or mum firm Meta META, Inc. -0.36% Makes good on its promise to dam information content material in Canada…

post share price |  Post Holdings Inc share price  (US: NYSE)

put up share value | Put up Holdings Inc share value (US: NYSE)

Put up Holdings Inc. Put up Holdings, Inc. As a holding firm for shopper packaged items. The corporate is concerned in retailer middle operation, refrigerated, meals service,…

Amazon beats forecasts for domestic e-commerce sales, AWS;  Stock jumps

Amazon beats forecasts for home e-commerce gross sales, AWS; Inventory jumps calmed investor fears with sturdy e-commerce and cloud gross sales, sending its shares up greater than 6% in after-hours buying and selling Thursday. Amazon AMZN, +0.55%…

Generac Holdings 2Q sales declined due to weak demand for residential products

Cocoa costs in Nigeria go up in Cross River, and go down in Osun

Posted by Obafemi Oreden Particular to the Dow Jones information journal IBADAN, Nigeria – Cocoa trades at 2.2 million Nigerian naira ($2,966) per metric ton in Nigeria’s…

Fitch's historic downgrade is illustrated in one chart

Fitch’s historic downgrade is illustrated in a single chart

The US authorities’s debt burden has skyrocketed over the previous decade, particularly throughout the coronavirus disaster. Credit score scores company Fitch on Tuesday pulled the set off…

Leave a Reply

Your email address will not be published. Required fields are marked *