Will Apple's Vision Pro Give Goldman Sachs A Headache? Mark Gurman Does The '$1B Loan' Math
Portfolio Pulse from Ananya Gairola
Mark Gurman humorously speculated on the financial impact for Goldman Sachs if 300,000 Apple Card users finance the purchase of Apple's new Vision Pro headset through installments, amounting to a $1 billion loan. The speculation follows Apple's announcement of the Vision Pro launch on Feb. 2, with pre-orders starting Jan. 19 at $3,499. The potential for a significant loan volume exists, but the future of the Apple-Goldman Sachs partnership, which is set to dissolve in 12-15 months, adds uncertainty to the financing dynamics for the product.
January 18, 2024 | 3:10 pm
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POSITIVE IMPACT
Apple's upcoming launch of the Vision Pro headset could drive sales and interest in the Apple Card installment payment option, potentially affecting the volume of loans managed by Goldman Sachs.
The release of the Vision Pro could lead to increased sales and interest in using the Apple Card's installment payment option. This could have a positive impact on Apple's revenue, but the dissolution of the partnership with Goldman Sachs adds uncertainty to the long-term financing strategy for Apple products.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Goldman Sachs could see a significant increase in loan volume if many Apple Card users finance their Vision Pro purchases through installments, as humorously estimated by Mark Gurman.
The potential for a large number of installment purchases of the high-priced Vision Pro could lead to a substantial increase in loan volume for Goldman Sachs. However, the actual impact will depend on the number of customers choosing this financing option and the future of the Apple-Goldman Sachs credit card partnership.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70