this post was submitted on 19 Jul 2023
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Apple Card contributes to another $667 million loss for Goldman Sachs: ‘We did not execute well’ (9to5mac.com)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] [email protected] 8 points 1 year ago (1 children)

If these losses are actually due to the Apple Card, then these cardholders are also consistently not paying their credit card bills

[–] bestnerd 4 points 1 year ago

I have a feeling Goldman isn’t the only one feeling the hurt. Really has no issue on who issues or what the card is but can the people has a whole pay any. And as we are seeing the answer is no. High rates on goods means debt is the last to be paid.