JPMorgan and Apple are in deep negotiations and are expected to take over the Apple credit card project from Goldman Sachs.
As Goldman Sachs decides to withdraw from the consumer finance business, Apple needs to find a new bank to take over its credit card project with over 12 million users, which is a huge customer resource for any bank. Currently, Apple is still in negotiations with JPMorgan, and due to the high-risk customers involved in Apple's credit card project, JPMorgan hopes to take over at a more favorable price. The top management of JPMorgan is paying attention to the negotiations with Apple because technology companies like Apple are challenging the traditional role of banks, and banks must consider collaborating with these technology companies.
Express News | Brazil has joined iPhone assembly for the first time, and the iPhone 16 is now being assembled in Brazil, China, India, and Pakistan.
Taiwan Semiconductor's USA factory has started producing iPhone chips for Apple — A16.
Taiwan Semiconductor has begun production of Apple's iPhone chips at its foundry in Arizona. The A16 will be the first chip produced in the United States. Taiwan Semiconductor's foundry in Arizona has been under construction for several years, with planning for the project dating back to 2020. After four years of construction, the factory is now operational and has started producing chips for Apple.
Shortening the delivery time of the initial launch cannot reflect the demand. Deutsche Bank gives Apple a 'shareholding' rating and states that the next 10 days are critical.
Morgan Stanley has given Apple (AAPL.US) a "shareholding" rating and set a target price of $273.
Hong Kong stocks are showing unusual movement. Apple suppliers have generally risen. It is rumored that Apple will release new products at a conference next month. Analysts at Daiwa Securities believe that the shortened delivery time for the iPhone 16 doe
Apple supplier stocks rebounded. As of the time of publication, q tech (01478) rose 6.35% to HKD 4.52; Cowell (01415) rose 4.25% to HKD 20.85; Sunny Optical (02382) rose 3.07% to HKD 45.3.
Futu Morning News | The Federal Reserve cuts interest rates by 50 basis points, and the US stock market sees a roller coaster market! Powell: Don't think this is a new pace of interest rate cuts.
"Fed Horn": The Federal Reserve is actually making up for lost time; Polls: Harris leads Trump in swing states Pennsylvania and Michigan; Apple is up nearly 2%, and Morgan Stanley is expected to take over its credit card project from Goldman Sachs.