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Apple May Soon Launch a Credit Card with Goldman Sachs: Report

Apple, Goldman Sachs may launch credit card next year

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Top apps using Siri Shortcuts to make daily tasks easier: Apple. Pixabay
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Apple has reportedly partnered with investment bank Goldman Sachs and might release a credit card next year, a media report said.

A report in Wall Street Journal claimed that the new credit card — which marks the end of Apple’s credit card partnership with Barclays — would use the Apple Pay branding.

Goldman Sachs would also offer in-store loans to Apple customers, the report said.

The move follows Goldman Sachs acquisition of the team behind Final, a credit card startup. Final’s dozen employees later joined Goldman’s new Consumer and Commercial Banking division.

Also Read: Apple to Invest in Eco-Friendly Aluminium Smelting Technology R&D

Goldman Sachs has a partnership with American Express and its Platinum card. This would be its first foray into consumer credit cards.

For Apple, the move is expected to increase user adoption of Apple Pay. (IANS)

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China Bans iPhone Sales Due to Patent Dispute

China's court decision is the latest legal action in a long-running dispute between the California tech giants.

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The Apple iPhone 7 is displayed at an Apple store at the Grove in Los Angeles, California. VOA

A Chinese court has ordered a ban in the country on most iPhone sales because of a patent dispute between iPhone maker Apple and U.S. chipmaker Qualcomm.

The Fuzhou Intermediate People’s Court granted Qualcomm’s request for preliminary injunctions against four subsidiaries of Apple, ordering them to immediately stop selling the iPhone 6S through the iPhone X that use older versions of Apple’s iOS operating system, according to a statement from Qualcomm Monday.

Apple said in a statement Monday its iPhones using newer operating systems remain on sale in China.

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This Monday, Oct. 22, 2018, photo shows from left the iPhone 8, iPhone 8 Plus, and the iPhone XR in New York. The new XR phone has a larger display and loses the home button to make room for more screen. VOA

The Chinese court found Apple violated two of Qualcomm’s software patents involving resizing photographs and managing applications on a touch screen.
Apple shares fell Monday on the news.

“Qualcomm’s effort to ban our products is another desperate move by a company whose illegal practices are under investigation by regulators around the world,” Apple said in its statement.

Qualcomm’s general counsel, Don Rosenberg, said in a statement Monday “Apple continues to benefit from our intellectual property while refusing to compensate us. These court orders are further confirmation of the strength of Qualcomm’s vast patent portfolio.”

Qualcomm, Chinese
– The logo for Qualcomm appears on a screen at the Nasdaq MarketSite, in New York. VOA

China’s court decision is the latest legal action in a long-running dispute between the California tech giants.

Also Read: China Warns Canada Against Severe Consequences If Huawei CFO Isn’t Released

Qualcomm has also asked regulators in the United States to ban several iPhone models over patent disputes, however U.S. officials have so far declined to do so. (VOA)