Apple Card: company reveals credit card launching next month
by Kari Paul from Technology | The Guardian on (#4M8Z2)
Payment card to be launched in August, Tim Cook says, as third-quarter earnings beat predictions
Apple has announced it will launch its own credit card in August, as iPhone sales continue to fall and the company seeks to diversify its business model.
The announcement by the CEO, Tim Cook, came on an earnings call on Tuesday after the company's third-quarter earnings beat predictions, sending shares up 3% in after-hours trading. The tech company reported a quarterly revenue of $53.8bn, higher than its previous estimate of $53.39bn.
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