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Thread: Apple and Goldman Sachs to partner on new credit card
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Old Oct 5, 2020 | 11:52 am
  #307  
mia
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Originally Posted by vanillabean
.... Apple Card, he notes, is the company’s newest payments business, but he thinks it could be the biggest revenue driver in that division, with 89% compounded annual growth to $1.2 billion by fiscal 2023.”....
“We also assume Apple receives a 1% fee for transactions, a rate that we believe is in line with the average for card issuers"
Apple is not the issuer. Issued by Goldman Sachs Bank USA, Salt Lake City Branch. As the co-brand partner I imagine their share of the revenue stream is smaller, but perhaps the analyst addressed this and it is not mentioned in the article.
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