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With tech companies going into the finance sector, how well is Apple Card performing?

With tech companies going into the finance sector, how well is Apple Card performing?

11 Mar 17:00 by Paulius Grimalis

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If there’s one thing that tech companies do is: When companies have good news to report, they don’t hold back on publicising key performance metrics.

 

When they don’t have good news to report, however, there’s no shortage of excuses they’ll give for why they can’t make the numbers public.

 

In November 2019, Goldman Sachs reported via regulatory filings that—just six weeks after the Apple Card launched—it had issued roughly $10 billion in credit to card holders. 

 

The firm also reported that consumers with the new credit card had already run up $736 million in loan balances during the period. 

 

Sounds like a rousing success? Not quite..

 

Read more at: Forbes

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