A routine that seems familiar. At the beginning, the interest rate is high, and the transfer does not charge money. After you get used to it, the interest rate is also low, and the transfer has to be charged.
Apple announced that the Apple Card, which is cooperating with Goldman Sachs, now has an interest rate of 4.15%, and the daily interest will be automatically credited to the account
Users can also link a bank account to transfer money, and the process does not charge any fees
And there are no minimum deposit or balance requirements
The vision is to help everyone manage money and live a healthy life, and it is connected to the wallet application, which can directly consume, send and save daily cashback
If the United States starts to cut interest rates in the future, and there are still such high interest rates, or if the transfer fee has not been charged, then it will be a real conscience
Now Goldman Sachs is cooperating with Apple and does not charge transfer fees. When Apple Finance grows bigger and more and more people use it, it may charge money.
Unless Apple can have its own independent financial company, or Apple will help you pay the transfer fee in the future, it is impossible for Goldman Sachs to not make money all the time, and the middleman will definitely make the difference
Anyway, Apple doesn’t necessarily have a bank app that is easy to use in the end, at most it just puts some change for shopping convenience
It's just that technology giants like Apple are also beginning to want to squeeze out financial wool, which shows that business is really difficult
It shows that the development of mobile phones has indeed reached a bottleneck, and Apple also needs to expand new businesses
This means that technological innovation has reached a certain bottleneck
It also shows that finance is really fragrant!
Sure enough, the end of technological development is finance, and finance is indeed the mother of all industries
Everyone used to say that our Internet technology companies are actually financial companies at their core.
Everyone will eventually engage in some financial business to make money, no matter what Internet companies have their own loan business
Let us technology companies learn from technology giants like Apple and do a good job in product development
Apple is not happy to hear this. If it can engage in finance, who will engage in technology?
In fact, technology giants have started to engage in finance, Qiaqia shows that innovation in the global technology environment has reached a bottleneck
From the hot metaverse before to the hot artificial intelligence now, the popularity of the metaverse will go down immediately
Including the previous new energy vehicles, many technology companies want to
Anyway, it shows that the bottleneck of my main business is actually in front of me. If there is something hot, everyone wants to do it
If you can’t do it, you have to catch up with the heat, and the stock price will be messed up
The overall environment is very impetuous
If technology is still exploding, and everyone still has endless ideas, it is impossible to do these things, and they all focus on making products in their own fields
Now that I have made money, I feel that there is nothing to do. Let’s see if there is anything that other industries can learn from and do.
Internet finance is an easy thing to do and make money lying down
Otherwise, why do all our technology companies do it? After thinking about it, Apple also thinks that there is something that is really easy to make money. Of course, it also wants to do it.
When you get bigger, use leverage to make money, eat the interest rate difference, earn loan interest, and you will taste the joy of finance
It turns out that making money can be so easy
However, in the future, if Apple’s interest rate declines, or it also charges transfer fees, fewer people will use it. Maybe Apple will launch fund business and stock business in the future.
Financial things, once started, there is no end
will always want to do it
this may be just the beginning