More Than $10 Billion Deposited in Apple Card Savings Accounts
On the morning of August 2, 2023, at 11:06 am PDT, Juli Clover shared her thoughts on the blog.
Today, Apple revealed that individuals who possess an Apple Card have contributed a staggering amount of over $10 billion into their Apple Card Savings accounts, managed by Goldman Sachs.
The Savings accounts were initially introduced in April, so this significant achievement is happening after four months. Apple has reported that a whopping 97 percent of Savings customers have chosen to have their Apple Card Daily Cash automatically transferred to the account. This account provides an attractive 4.15 APY.
"We have always aimed to revolutionize the financial industry by prioritizing our users' financial well-being, and this goal drove us to introduce various financial products. Back when we launched Apple Card four years ago, and even now with the introduction of Savings, our main focus has always been our users' financial health," stated Jennifer Bailey, Apple's vice president of Apple Pay and Apple Wallet. "Savings offers a hassle-free way for users to save money daily, with no fees, minimum deposits, or balance requirements. We are incredibly pleased to witness the positive response from both new and existing customers."
According to a declaration by the Chief of Corporate Alliances at Goldman Sachs, the organization is extremely content with the accomplishments of the Savings account.
The usage of Apple Card remains restricted to individuals who own an iPhone within the United States, consequently limiting accessibility to the Apple Savings account solely within the U.S. Apple recently made this announcement amidst speculation that their collaboration with Goldman Sachs might be strained. Rumor has it, Goldman Sachs is seeking to terminate their partnership with Apple as they endeavor to withdraw from the field of consumer banking.
Apple and Goldman Sachs have been in collaboration for the Apple Card project since 2019. However, Goldman Sachs is now considering terminating the partnership due to insufficient profits and difficulties handling customer service complications. In particular, the Savings account aspect of the venture has strained the relationship as customers experienced frustratingly long wait times while trying to withdraw funds.
Goldman Sachs reportedly intends to find an alternative suitor, like American Express or another firm, to take over its agreement with Apple. However, the conditions are not advantageous due to the absence of fees on the Apple Card, which makes the deal unattractive to other companies.
Apple Drops New Public Betas For IOS 17 And IPadOS 17, Tweaks Developer Version
On Monday, July 31, 2023 at 1:20 pm Pacific Daylight Time, written by Juli Clover.
Apple has just released the second beta versions of iOS 17 and iPadOS 17, making it available to the public for testing purposes before its official release. This second beta follows closely after the initial beta, appearing a little over two weeks later. The public beta essentially includes the same features and updates found in the fourth developer beta, with the slight addition of a revised version from Apple.
IPhone 15 Pro: What To Expect – 12 New Features & Changes
Apple is set to reveal the iPhone 15 series in September. As per usual, there have been numerous speculations about the new features coming to the Pro and Pro Max models, such as a USB-C port, A17 Bionic chip, titanium frame, Action button, and others. Here, we have outlined 12 speculated new enhancements and modifications for the upcoming iPhone 15 Pro models. The A17 Bionic chip is anticipated to be incorporated in the iPhone 15 Pro models, showcasing Apple's advanced technology...
Rumors: Apple Watch Ultra 2 In Black Titanium!
According to a reliable source called ShrimpApplePro, the upcoming Apple Watch Ultra, which is the second version, will come with a titanium case in black. This information has proven accurate in the past. The new Ultra model will still be offered in its current "Natural" titanium color option as well. Recently, the tech journalist Mark Gurman from Bloomberg mentioned that Apple has experimented with a darker titanium finish for the smartwatch. ShrimpApplePro has even shared a mockup image of what the black Apple Watch Ultra could potentially look like.
Possible Launch Of IPad Mini 7
Apple seems to be working on the seventh iteration of the iPad mini, as per the information provided by the reliable leaker "ShrimpApplePro." In a series of tweets that encompassed information regarding the Apple Watch Series 9 and the second edition of the Apple Watch Ultra, the leaker revealed that there is proof of the development of a new iPad model, most probably the seventh-generation iPad mini. Earlier this year, Bloomberg had also hinted at...
Samsung Makes OLED Screens For IPhone 15
Tuesday, August 1, 2023 at 2:58 am Pacific Daylight Time as reported by Tim Hardwick.
Samsung, the leading supplier of OLED screens to Apple, has been given the green light to start mass-producing displays for all four models of the upcoming iPhone 15 series. These phones are expected to hit the market in September. According to a report from The Elec, Samsung Display received approval on August 1, beating out competitors LG Display and BOE. LG Display, on the other hand, will be providing OLED panels for both iPhone 15 Pro models.
Discover 15 Secret IOS 17 Features In This Video
Today, on the morning of Monday, July 31, 2023 at 9:39 am Pacific Daylight Time, Juli Clover presents an article for discussion.
In addition to significant updates such as StandBy mode, Live Voicemail, Contact Posters, and NameDrop, Apple has included numerous smaller, less familiar features in iOS 17. Make sure to subscribe to the MacRumors YouTube channel to access more videos. In our most recent video on YouTube, we compiled a collection of 15 lesser-known features in iOS 17 that you might be unaware of, ranging from alterations to Visual Look Up to...