A new analyst report today from Nomura, seen by CNBC predicts that Goldman Sachs could see notable losses on Apple Card customers if a recession happens within the next few years. This estimate is based on the firm’s belief that it will take several years for Goldman Sachs to break even on the cost acquiring of Apple Card users.


The post Report: Goldman Sachs spending $350 to acquire each new Apple Card user, could see losses in a recession appeared first on 9to5Mac.

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Michael Potuck


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