If You Invested $1,000 In Apple Stock When Apple Card Was Launched 4 Years Ago, Here's How Much You'd Have Now
Portfolio Pulse from Shanthi Rexaline
Apple Inc. launched the Apple Card, a credit card issued by Goldman Sachs, four years ago. The card, linked to Apple Pay, offers features like no fees, lower interest rates, and cash back on purchases. It contributes to Apple's Services business, a key revenue generator. However, Goldman Sachs' 'Platform Solutions', including Apple Card, saw a net loss of $667 million in the recent quarter. If an investor had put in $1,000 in Apple on the day the Apple Card was launched, the investment would have fetched a return of roughly 247% over a four-year period.
August 23, 2023 | 7:33 am
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NEGATIVE IMPACT
Goldman Sachs' 'Platform Solutions', including Apple Card, saw a net loss of $667 million in the recent quarter.
Goldman Sachs' 'Platform Solutions', which includes the Apple Card, saw a net loss in the recent quarter. This could have a negative impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Apple's launch of the Apple Card has contributed to its Services business, a key revenue generator. The stock has seen a return of roughly 247% over a four-year period.
The launch of the Apple Card has contributed to Apple's Services business, a key revenue generator for the company. This has likely had a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Invesco QQQ Trust, which tracks the Nasdaq 100 Index, added 99.3% over the same four-year period.
The Invesco QQQ Trust, which tracks the Nasdaq 100 Index, has seen a significant increase over the same four-year period. This indicates a positive trend for the ETF.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50