Hey Tim, I know that you don’t care about the physical items your company makes. I bet in your perfect world Apple doesn’t have to deal with these pesky hardware things ever. Apple would be a pure “services” company.
Amid long-running reports that Apple and Goldman Sachs are working toward ending their Apple Card partnership, JPMorgan Chase is now in talks with Apple about taking over the credit card program, reports The Wall Street Journal.
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A deal could still be months away, according to the report, but talks have accelerated in recent weeks as the two sides negotiate details of a potential agreement.
Chase is looking for certain concessions in order for a deal to be reached, including paying less than the $17 billion face value of outstanding balances of Apple Card holders and doing away with the synchronized Apple Card billing cycles that match the calendar months but have created customer service issues.
Apple has also spoken with Synchrony Financial and Capital One about the Apple Card program, while Goldman Sachs spoke with American Express last year as the two current partners on Apple Card have been exploring how to end their partnership, but it appears Chase is the current leader.
Article Link: Apple Talking With JPMorgan Chase About Potential Apple Card Partnership
But for the love of god I hope that the trajectory I’m seeing isn’t what I think it is. Tim has zero interest in the product design of Apple. He’s made Apple the biggest company in the world, but in doing so has annihilated the soul of Apple.
Maybe I’m just becoming old and bitter, but man, I have to believe that there is some whimsy and joy left in Apple. I don’t know where it is… I’m not seeing it anymore.
I’ve been coming to this site for 16 years not because of news of Apple partnering with a new credit card company.
And when I look at the last 5 years of the iPhone, it seems virtually physically unchanged. How long is this going to continue? Is this just the dystopian world we now live in?