Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 21, 2019 3:01:10 GMT -8
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Post by audiosculpture12 on Feb 21, 2019 5:01:30 GMT -8
Just saw a story about apple and goldman teaming up a a credit card. Very interesting if true. Sorry I can’t find the link - might have been seeking alpha.
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Post by carbonate24 on Feb 21, 2019 5:56:58 GMT -8
Just saw a story about apple and goldman teaming up a a credit card. Very interesting if true. Sorry I can’t find the link - might have been seeking alpha. AppleInsider has the story... Apple-Goldman Credit Card
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Post by sponge on Feb 21, 2019 6:16:40 GMT -8
Just saw a story about apple and goldman teaming up a a credit card. Very interesting if true. Sorry I can’t find the link - might have been seeking alpha. AppleInsider has the story... Apple-Goldman Credit CardBeen expecting this for three years. The features look promising assuming you only had this card and nothing else. If they offer 3x points on travel and dining with no yearly fee, they will add millions. Sadly that is offered in different forms by many other banks. This will take years to build up.
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Feb 21, 2019 7:25:35 GMT -8
I read bits and pieces of "Tools of Titans" from Tim Ferriss. One quote that stuck out was one that Marc Andreessen had called out:
"Far more money has been lost by investors trying to anticipate corrections, than has been lost in corrections themselves" - Peter Lynch
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Post by pauls on Feb 21, 2019 7:39:56 GMT -8
I like the Apple-Goldman Credit Card plan a lot. I use ApplePay whenever I can, which is most of the time in my daily travels. I would love an app that makes it easy to log different types of expenses, divide personal from business, etc., and I would love it if Apple controlled that experience (rather than some 3rd party budgeting app that I just don't trust with my financial data).
In the long run, as a shareholder, I always thought Apple would do well to become the bank-- a consumer facing bank with dead-simple user interface, low-friction access to money and credit, and just generally fix all that is annoying about the consumer banking status quo. Just yesterday I had to go in to my credit union branch to get a copy of a check I wrote a few months ago-- they have online access to photos of every check I write UNLESS it was taken into a branch to be cashed. Checks should be history, by now.
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Post by PikesPique on Feb 21, 2019 8:33:08 GMT -8
So, Samsung introduced a folding phone @ $1980 and still some people think Apple will go out of business because they sell iPhones at too high a price. Go figure.
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Post by aaplcrazie on Feb 21, 2019 11:07:05 GMT -8
www.macrumors.com/2019/02/21/apple-goldman-sachs-credit-card-report/Also a comment which I found interesting: "All of this makes sense in the big picture if you recall the past to see where Apple is going in the future. Apple has a history of disrupting boring and/or broken markets that deliver services that people need but that they use only reluctantly because there are no alternatives. Apple made the computer accessible and fun. It’s easy to forget but computers were for crunching numbers, mostly the realm of nerds who knew how to operate the command line. The Mac changed everything. Apple disrupted music in the same way. The iPod came at a time when piracy was rampant. It was a terrible experience though. You’d download programs like Napster or Limewire and download music, not knowing if you’d get a bad recording and would end up with a junk pile of disorganized mislabelled music in folders. iPod + iTunes made it easy to pay a fair price for music and get a properly organized collection. That’s why it became so popular that nobody ever really caught up. Apple is now pursuing two other sectors that absolutely need to be disrupted. Health and financial services. Both are full of bureaucracy and not consumer friendly. The only ones who do well in either are insiders or experts in those fields. Apple is on one hand opening up health records to make our data our data, easily accessible and making it useful by helping us to be proactive and knowledgeable to improve our own health. Now, on the other hand, most of us hate having to deal with banks, hidden fees and overly complicated services. Apple Pay has already made it easier and safer on the transaction side. Money management and growth is the next obvious step. I’m very interested to see what Apple does here." And as I recall The Great Vampire Squid always gets excited when takes on some Bond Debt, so maybe they have an interest in taking on some Customer Credit Card Debt, I just wonder how broad this "Information Sharing" might be.....
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Feb 21, 2019 23:22:14 GMT -8
So, Samsung introduced a folding phone @ $1980 and still some people think Apple will go out of business because they sell iPhones at too high a price. Go figure. Along with this, other articles today were talking about Samsung "making the same mistakes as Apple", by having multiple higher end phones. They said that because Apple has 3 higher end iPhones, that the lowest priced one didn't sell well. Not worrying about whether that was true or not, it's strange to say it was a bad strategy to sell too many of the higher priced models. I mean, that would be like if Toyota was selling too many of it's "limited" models, with leather and navigation and whatnot. Hmmmm. I guess there's always something to complain about. Maybe Hersheys will sell too many higher end Scharfenberger bars, and not enough plain milk chocolate bars. Or a cable company sells too many high end mega packages, and not enough of the straight local packages. Oh the humanity!
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Post by PikesPique on Feb 22, 2019 6:27:51 GMT -8
Pricing strategies are interesting. I'm sure Apple has experts in this area and know precisely what they are doing. It's not just a simple matter of cheaper prices brings more sales. www.helpscout.com/blog/pricing-strategies/
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