US EditionApple and Goldman were planning stock-trading feature for iPhones until markets turned last year
- Apple and Goldman Sachs were working on a stock trading feature for consumers, but the project was halted due to concerns over potential user losses in the stock market.
- In addition to the credit card partnership, Apple and Goldman Sachs also explored ways to expand their financial products, including a high-interest savings account.
- The decision to focus on savings accounts instead of stock trading may have been influenced by the risks associated with entering a competitive market and potential regulatory scrutiny.
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Apple reportedly stopped short of bringing a stock trading feature to iPhone
Illustration: The Verge Apple came close to creating an investing feature for the iPhone that would’ve let users buy and sell stocks directly on the device, according to a report from CNBC. The company reportedly started working on the investing feature during the meme stock hype in 2020 but ultimately pivoted away from the idea last year as markets began to falter. Sources close to the situation tell CNBC that Apple was working on the feature …
Stock Trading Feature For iPhones? A Financial Service Apple And Goldman Sachs Almost Delivered
Apple Inc's (NASDAQ: AAPL) plans to introduce a stock trading feature for iPhone users were reportedly in the works as equities surged in 2020, aligning with the rise of trading apps like Robinhood Markets, Inc (NASDAQ:
Apple and Goldman Planned Stock-Trading Feature for iPhones Until Markets Turned
As equities soared in 2020 and consumers flocked to trading apps like Robinhood, Apple and Goldman Sachs were working on an investing feature that would let consumers buy and sell stocks, CNBC reported Wednesday, citing people familiar with the plans. From the report: The project was shelved last ye...
Apple, Goldman Sachs To Add Stock Trading Feature On iPhones?
Wall Street bank Goldman Sachs and Apple were mulling to launch a stock trading feature on iPhones, according to reports. The feature was envisioned to provide users with a direct option for investing from the Apple devices. However, it remains to be seen how long the project would take before coming to fruition. Also Read: The post Apple, Goldman Sachs To Add Stock Trading Feature On iPhones? appeared first on CoinGape.
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