Apple Card launches 4.15%-yield savings account with Goldman Sachs

  • Apple (NASDAQ:AAPL) has rolled out an Apple Card high-yield savings account from Goldman Sachs (NYSE:GS), the company said in a release.
  • The account, which has no fees, no minimum deposits and no minimum balance requirements, offers an annual percentage yield of 4.15%, compared with the average U.S. savings deposit rate of just 0.37% as of March 20.
  • The move puts Apple (AAPL) in direct competition with smaller fintech firms that have offered high-yield accounts in the wake of rising interest rates, including Robinhood Markets (HOOD).
  • The company initially partnered with Goldman (GS) in 2019 to launch the Apple Card. Plans to introduce the high-yield savings account dated back to October 2020.

    Over the current book year the company from 's total revenue could be around 387.98 billion USD (consensus estimates). This is slightly lower than 2022's revenue of 394.33 billion USD.

    Historical revenues and results Apple plus estimates 2023

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    The analysts expect for 2023 a net profit of 93.89 billion USD. For this year the consensus of Apple 's result per share is a profit of 5.95 USD. The price/earnings-ratio is then 27.79.

    Per share the analysts expect a dividend of 97 cents per share. Thus the dividend yield equals 0.59 percent. The average dividend yield of the hardware & equipment companies equals an attractive2.74 percent.

    Based on the current number of shares Apple 's market capitalization equals 2715.84 billion USD.

    Price data Apple 2007-2023

    stock analysis apple

    On Monday the stock closed at 165.33 USD.

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