Apple Card’s future in question as Goldman Sachs CEO eyes early exit
Goldman Sachs CEO David Solomon signaled the possible early end of the bank’s Apple Card partnership due to financial losses and regulatory challenges.
The collaboration between Apple and Goldman Sachs on the Apple Card may end before its 2030 contract expiration, according to Reuters. The announcement follows years of financial losses and regulatory challenges for the investment bank, raising questions about the future of Apple’s first credit card.
Goldman Sachs partnered with Apple in 2019 to launch the Apple Card, which delivers seamless integration with iOS and user-friendly features like no fees and enhanced privacy. While the card gained popularity among Apple customers, it proved costly for Goldman.
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