Apple's Break With Goldman Sachs, iCloud Security Concerns, Vision Pro Cost Cuts And More: This Week In Appleverse
Portfolio Pulse from Benzinga Neuro
Apple Inc. (AAPL) is reportedly ending its credit card partnership with Goldman Sachs Group (GS) within 12-15 months. Apple faced security issues with an Apple ID hack affecting iCloud access. The company is also developing a budget-friendly version of its Vision Pro headset, aiming to cut production costs by 50%. A YouTuber built a discount Vision Pro, challenging the value of Apple's version. Apple celebrated 'Artist of the Year' Taylor Swift with a free event in NYC.
December 03, 2023 | 10:44 am
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NEGATIVE IMPACT
Goldman Sachs Group's partnership with Apple for the digital credit card service is reported to be ending within the next 12-15 months.
The end of the partnership with Apple could be seen as a loss of a significant business opportunity for Goldman Sachs, potentially impacting the stock negatively in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Apple plans to end its credit card partnership with Goldman Sachs, faces iCloud security concerns, is developing a cheaper Vision Pro headset, and celebrates Taylor Swift.
The termination of the partnership with Goldman Sachs and the iCloud security issue may negatively impact investor sentiment, while cost reductions for the Vision Pro headset could be seen positively. The net impact is likely neutral in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80