Apple is ending its partnership with Goldman Sachs over its Apple Card. The iPhone maker has sent a proposal to Goldman Sachs, asking it to terminate their partnership within the next 12 to 15 months, according to The Wall Street Journal. In this article, we provide you with the latest updates on the end of the partnership, including details on the Apple Card, the impact of the split on both companies, and what it means for consumers.

Latest Updates

The Apple Card is a credit card issued by Goldman Sachs in partnership with Apple. The card was launched in August 2019 and has been a popular choice among Apple users. However, the partnership between the two companies is coming to an end. Apple has sent a proposal to Goldman Sachs, asking it to terminate their partnership within the next 12 to 15 months, according to The Wall Street Journal. The reason for the split is not yet clear, but it is believed to be related to the performance of the Apple Card.

The end of the partnership will have a significant impact on both companies. Apple will need to find a new partner to issue the Apple Card, while Goldman Sachs will lose a major source of revenue. The split is also likely to have an impact on consumers, who may see changes to the Apple Card’s rewards program and other features.

FAQs

Q: What is the Apple Card?

A: The Apple Card is a credit card issued by Goldman Sachs in partnership with Apple.

Q: Why is Apple ending its partnership with Goldman Sachs?

A: The reason for the split is not yet clear, but it is believed to be related to the performance of the Apple Card.

Q: What is the impact of the split on Apple and Goldman Sachs?

A: The end of the partnership will have a significant impact on both companies. Apple will need to find a new partner to issue the Apple Card, while Goldman Sachs will lose a major source of revenue.

Q: What does the split mean for consumers?

A: The split is likely to have an impact on consumers, who may see changes to the Apple Card’s rewards program and other features.

Read more like that : What is Forbes 30 Under 30: Everything You Need to Know