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This is rock bottom, Apple has become a loanshark. There's no innovation left.

• scarface74 8y ago
  How so?
  • Phenomenit 8y ago
    It's just the trend I've observed that companies want to lend people money even though they are not banks or creditcard companies because it's the easiest why to make money without adding value. So what I'm saying is that it's not a good sign that Apple is trying to become a bank instead of making decent hardware/software.
    • scarface74 8y ago
      I’m not sure that Apple is making money off of the credit card besides the usual merchant fees it gets from using Apple Pay. It seems like it is just another branded card run by Goldman Sachs.
    • pushtheenvelope 8y ago
      lending money helps people unlock activity they want to do today, but can only afford tomorrow. E.g. live in a house, or have a car to commute. Even short-term loans can provide very helpful liquidity to folks facing a cash crunch. Why is that not adding value?