
Earlier this year, Apple officially confirmed that JP Morgan Chase will take over Apple Card from Goldman Sachs.
The transition is expected to occur in January 2028. In new comments this week, Chase revealed why it thinks it will fare better at managing Apple Card than Goldman Sachs.
As we’ve explained before , Goldman Sachs lost billions of dollars on its Apple Card business . There are several reasons for this, including that Apple Card is a no-fee card with a consumer-friendly software interface.








