Just about two months after Apple Card became available to the public, the CEO of Goldman Sachs — Apple’s bank partner — shared today in an interview how happy he is with the launch of the product, saying he thinks it’s the “most successful credit card launch ever.”
There have been some doubts about the profitability of Apple Card, with Citibank reportedly abandoning a deal with Apple over the concern for its new credit card before Goldman Sachs sealed the deal.
However, we’ve also heard reports that consumer interest and awareness for the product is “remarkably high.” And the prediction that Apple Card will be a hit.
In a new interview today with CNBC, CEO of Goldman Sachs, David Solomon, shared just how thrilled he is with the launch of Apple Card. He shared a couple of achievements from other parts of the company’s business, then raved about Apple Card’s launch.
Solomon didn’t give specifics on Apple Card adoption, but said demand has been high while it has been able to keep its underwriting standards:
Further, Solomon said Apple Card along with Goldman Sachs’ other innovation efforts like “‘next generation’ electronic trading platforms” are important pieces of expanding the company’s “competitive position.”
Back on the day Apple Card launched, the Goldman Sachs CEO shared his optimism for the long-term future with Apple Card.
