Well, guess I’ll get rid of the ol’ house and car and be a bum since I can’t afford it.I can’t remember who said this but if you can’t afford to buy it twice you can’t afford it.
Well, guess I’ll get rid of the ol’ house and car and be a bum since I can’t afford it.I can’t remember who said this but if you can’t afford to buy it twice you can’t afford it.
He’s dead…who caresApple is indeed a very different company to what it was just over 10 years ago. I wonder what Steve would make of this, if he were alive right now. Or indeed if this is a direction he would allow the company to take? Discuss.
…no, I think you mean oh-so-happy with shiny new things. Don’t be jealous.If you use a credit card for any reason other than convenience, or rewards, be it cash back or points or whatever, and you don't pay it off in full monthly, you are financially illiterate.
Can I give you my money to manage for me? You sound like you know what you are doing. 😆Well, this is one productive way Apple can deploy its massive cash holdings. A lot of shareholders, though, might prefer a dividend increase or stock buybacks.
Further, I wonder if Apple Financing LLC is structured so that Apple also avoids repatriating and paying US taxes on all the $$$ it has parked in various non-US jurisdictions.
There is a definite PR benefit. No visible ties to Wall Street investment banks means knee-jerk Goldman Sachs haters can start spreading out purchase payments without any dissonant feelings. ;-)
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ETA: the Bloomberg story says Apple Pay Later uses a Goldman-issued Mastercard number as part of the transaction. This allows Apple to sidestep any state or federal bank regulation (it sounds like Apple Financing LLC is regulated at the state level as either a money transfer service or a payday lender, both of which benefit from much less stringent regulation than banks).
From a strategic perspective, moving into non-bank financial services during a period when capital is no longer chasing yield, due to higher interest rates, VC activity is reduced, and IPOs are difficult could allow Apple to dominate a lot of currently unregulated or lightly regulated fintech sectors relatively cheaply and easily.
Where’s the “cry” emoji like button 😆Our products too expensive? No problem! We’ve got a payment plan for you!
There’s some exciting new products in the pipeline.How long before we get iBank from Apple? 😂
I am still laughing.People here on the forums laughed at me a few months ago when I said Apple is gonna build a community with Apple branded homes. It’s gonna be an exclusive and they will do significant background check to determine if you can live in a Apple community.
The entire world is build on a credit system. Before systems of credit were devised, everyone did live squarely within their means and few were ever able to advance beyond their present circumstances as a result. I get the vibe of what you’re saying but also it’s missing a pretty important piece of the puzzle.Or live within your means.
This is just the beginning. Eventually Apple will go into weapons and construction, and then establish its own nation.
Could you afford your house twice?It’s correct though.
I mean you just revealed that your whole schtick is built completely on a classist contempt for the poor.Your argument is flawed for two reasons. One appreciation as you mention is far from an exact science. Two; BNPL isn’t talking about purchases that build equity. It’s so Johnny, who can’t afford the child support he owes to 4 women, can have his Xbox now and pawn it later for cents on the dollar, default on the loan and drive up costs for the rest of us.
No amount of stretching of your elementary understanding of finance can make BNPL into anything more then what it actually is; predatory.
The original idea is still sound: having 500 bucks in cash only doesn’t mean you can afford a 500 Xbox.
Yeah already here - the U, S of AThis is just the beginning. Eventually Apple will go into weapons and construction, and then establish its own nation.
Well you could simply rent it from the phone company for 30 years the way you did with BellSign of the times when you need a payment plan to "own" a phone.
Could you afford your house twice?
I mean you just revealed that your whole schtick is built completely on a classist contempt for the poor.
There are over 10 million people living gated communities in the US. So, it’s not impossible. Apple pretty much on the brink of starting it own bank and going deeper into financial services.I am still laughing.
Didn't say it was a good idea, just said it seems possible!Wow that…seems like a really really bad idea to do on a regular basis. Wouldn’t you pretty quickly wind up with a cascade of ballooning weekly payments?
What you consider honest is you showing disgust and using ****** stereotypes.Being honest means I have contempt for the poor?