Apple’s Credit Card Gives Goldman Sachs Rare Customer Role

Apple’s Credit Card Gives Goldman Sachs Rare Customer Role
Apple CEO Tim Cook during a company product launch event at the Steve Jobs Theater at Apple Park in Cupertino, Calif., on March 25, 2019. Michael Short/Getty Images
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Apple Inc. launched a credit card last month, hoping to upend a $175 billion industry much like it did the phone business. At a splashy event, the company made a simple sales pitch and showed off the titanium product in a slick video. Chief Executive Officer Tim Cook called it the “most significant change” to cards in 50 years.

Unveiling it was the easy part.