Are Epic Fights Brewing Over This Lucrative Apple Business?

It isn't every day -- or every year, even -- that a high-profile credit card business comes up for grabs. Yet that's the situation now with Apple's (NASDAQ: AAPL) namesake Apple Card. The tech giant is jettisoning the product's current issuer, a change that also might result in a switch of the network operator facilitating the card's transactions.The stakes in this battle could be high. A great many Apple Card holders are also Apple device owners, meaning that at first blush, anyway, they comprise a relatively affluent crowd. There's also the renown and prestige of linking up with a top name in the consumer tech world.With its usual hype and fanfare, Apple launched Apple Card in early 2019. The company loves being considered an envelope-pushing innovator, so it touted its rectangle as a "new kind of credit card" that could be used and managed entirely through the Wallet app packed into its devices. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool