Apple Seeks New Apple Card Partner as Goldman Sachs Partnership Nears End

Apple is in talks with Barclays and Synchrony Financial to replace Goldman Sachs as its Apple Card partner, as the existing agreement faces an early

Apple Seeks New Apple Card Partner as Goldman Sachs Partnership Nears End

Apple is reportedly in talks with Barclays and Synchrony Financial to take over its Apple Card business, as its relationship with Goldman Sachs is set to end sooner than expected. The partnership, initially slated to run until 2030, has faced challenges, leading to significant losses for Goldman Sachs. Goldman Sachs to End Apple Card Partnership Early Goldman Sachs' CEO, David Solomon, confirmed that the Apple Card partnership could end earlier than 2030, due to substantial financial losses. The bank's platform solutions unit, which houses the Apple Card, reported an $859 million net loss in 2024. The Apple Card program, while beneficial to consumers with interest-free financing for Apple purchases, has proven to be a burden for Goldman Sachs. Apple in Talks with Barclays and Synchrony Financial As Goldman Sachs prepares to exit the partnership, Apple is exploring other options. Discussions are underway with both Barclays and Synchrony Financial to potentially take over the Ap…

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