In any business there are ups and downs . As you ’d expect , ups and downs in Apple ’s world can be passably vainglorious .
( It ’s just a root word to pull two mostly unrelated stories together , people . Do n’t think about it too hard . )
Fortunately for Apple , the down here is actually for another company , but it ’s a whacker .
“ Goldman Is wait for a Way Out of Its Partnership With Apple ”
Did they not say the fine photographic print on the credit agreement ?
This comes after reports that Goldman Sachs haslost billionsin the relationship . The Macalope does n’t have intercourse about you , but when he gets into stage business deals that miss him gazillion of dollars , he considers those risky deals and endeavor to get out of them . Moreover , he tries not to get into similar batch in the future .
That ’s just him though . And , um , Goldman Sachs , apparently . You ca n’t really charge them for seek to squirm out of the hatful . The company is reportedly bet to American Express to take over its entire credit batting order business , although a deal has not choke through yet .
Seems like a bit of a problematic sell . “ Heyyy , buddy . You got any pastime in taking over this Apple Card thing ? Good business . No , really … uh … really good stage business . We’dloooveto keep doing it but … just sooo busy with the other clobber . ” Well , the Macalope wish them both the best of fortune in this billion - clam game of hot potato .
IDG
The one company that Apple Card has been really good for is … anyone ? Yeah , it ’s Apple . Since its introduction , the Apple Card has travel on to be a big contributor to Apple’sservices tax income .
With down like that , who needs ups ? Well , not Apple , but here it is anyway .
“ Apple ’s Market Valuation Returns to $ 3 Trillion After Almost 18 Months ”
So what ? If you ’re an Apple customer , it affects you not in the slightest . It does n’t change the quality of Apple ’s products , it does n’t change the exploiter experience , and it does n’t make Craig Federighi ’s hair any more full and lustrous .
That ’s just genetics . Nothing you may do about that .
Now , if you ’re an Apple employee with stock options ( or an Apple investor ) it weigh , and maybe some of that circles back around to secure products . ( Still not hair’s-breadth , though . ) But it ’s not a relationship that ’s sluttish to calculate .
So , no big deal , correct ? Sure . However , if you ’re a long - time spectator of Apple like the Macalope is , it ’s shady to see the fellowship become the most valuable in the world when we were told for the better part of two X or more that it was mo from going out of business enterprise . This was n’t an unreasonable thing to say in the mid-1990s , but learned person hang onto the notion far longer than it seemed potential given the Assumption of Mary that all human beings operate with at least a service line understanding of logic . “ Are these people serious ? ” we wonder in the other 2000s . “ How do these people dress themselves ? ” we pondered around 2008 . “ CAN THESE PEOPLE EVEN HANDLE BASIC CONCEPTS LIKE HOW SOUP WORKS ? ! ” we shouted around 2016 .
Once Apple pass on $ 1 trillion in rating , though , things began to shift . The very idea it could go out of business organization was less and less publishable . When it passed $ 2 trillion , you needed to be trade a Christian Bible or something and just trying to get attention . Now that it ’s back at $ 3 trillion , do n’t expect to see it float much if at all .
So , possibly as an Apple client , there is a welfare after all .
( rectification : An early adaptation of this article referred to Apple Pay instead of the Apple Card throughout . The Macalope regrets the error . )
