Listen: Some Apple Card invitees are running into issues with their Apple ID
"While reviews for apple cart have been glowing for the most part. The rollout has not been completely without incident. I'm more ran a piece. Yes i missed tuesday saying some apple cart. Invitees are running into issues with their apple i._d. The cording to the report multiple users are reporting that when they they received their invitation for the apple card they're being asked by apple for proper email associated with the apple i._d. Even though they already provided it one rather than user john james jacoby says he put himself in for an invitation when it arrived the email he provided didn't match an apple i._d. However he says he has used that apple i._d. With the same email for nearly ten years john james jacoby his name is nearly my name to meanwhile. I'm more writer. Christine romero chan has had a similar issue though in her case she knows what went wrong. She says i gave them a different email. That isn't associated with my apple i._d. That was my mistake weird. Everyone else is getting the the same email though i just reentered with my apple i._d. I'm more says reentering with a proper email is easy to do though the side figures. It'll delay your apple cart invitation by a couple of days. There's a third issue mentioned in the eye more piece though may be the same thing that happened to j. j. jacoby quoting. I more again some users who did enter the proper apple i._d. Have been asked to provide it again by the same email response. If you receive one of these e mails from apple just provide your apple i._d. Again it's an issue. Many users have reported and apple is aware of it. It should not preclude you from getting getting an apple card early invitations apple cart or a u._s. Only thing right now even if you did get an email someplace else. The separate piece on i'm more from wednesday's says yeah. That's the thing that's happening. Citing a report from apple and cider the says apple users from countries trees outside of the u._s. Including canada england and france are receiving apple card invitations. Why is it happening. Only only apple knows they gotta figure. They don't actually know yet otherwise it wouldn't be happening. Apple is said to be aware of the various invitation issues news and is believed to be working on fixes goldman. Sachs obviously thinks apple card is a good idea there the bank backing it but some of goldman's compatriot's or questioning the decision c._n._b._c. had nomura analysts led by bill carr kaci issuing a note on the move on wednesday. It's the things customers like that seemed to have him concerned. That's things like the lack of fees the industry's lowest interest rate range for comparable cards and the mandate to approve as many iphone users as possible to koch. She's way of thinking the apple cart portfolio may generate lower revenues and face higher loss content relative to the industry average all of that plus the three hundred fifty dollars nomura things goldman is spending to acquire each new user might be seen as a calculated risk. If all goes well goldman will start to break even on each customer after four years according to c._n._b._c. but what if something goes wrong between now and then markets were shaken and stirred wednesday by son to economic recession the peace as bank bank stocks were hammered wednesday on the prospect of rising loan losses and tighter profit margins loan losses could come from charge offs which wikipedia defines as decision by a creditor that amount of debt is unlikely to be collected nomura indicates that goldman's product highly sensitive to rising net charge offs if the economy goes into recession and charge offs go as high as eight percent goldman will start losing money on apple card then there's goldman's men's lack of experience according kaci as a new entrant goldman sachs did not have the historical data or experience that lenders obtain when underwriting through a credit read it cycle by definition credit businesses are cyclical and we would expect goldman sachs to face its fair share volatility in the next recession"