Apple reportedly abandoned plans to develop an investing feature that would have allowed users to purchase and trade stocks directly on their iPhones. The feature was initially scheduled for a 2022 release but concerns about user backlash in the event of investment losses led to the project being scrapped. However, sources suggest that the infrastructure for the feature has already been built and could be utilized if Apple decides to move forward with it. Meanwhile, Goldman Sachs is looking to end its partnership with Apple, potentially offloading the Apple credit card and related services to another bank.
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Apple had plans to let users trade stocks on their iPhone
Apple reportedly abandoned plans to develop an investing feature that would have allowed users to purchase and trade stocks directly on their iPhones. The feature was initially scheduled for a 2022 release but concerns about user backlash in the event of investment losses led to the project being scrapped. However, sources suggest that the infrastructure for the feature has already been built and could be utilized if Apple decides to move forward with it. Meanwhile, Goldman Sachs is looking to end its partnership with Apple, potentially offloading the Apple credit card and related services to another bank.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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