News for hackers. Stuff that matters.

A comment on iPhone Sales Drop, and Apple’s 13-Year Surge Ebbs. Parent comment

Re:iPhone Sales Drop, and Apple’s 13-Year Surge Ebbs by kpil on Tuesday April 26, 2016 @06:42PM (#11576372)
I think it's more cost effective to start a new bank.

But why would they. It's a lot of trouble, and being a bank gives you the right to lend in money from the public.

It's still possible to provide payment services without being a bank.

I think they could more or less buy VISA and pay in cash, and that makes more sense if you want to make money on retail payments.

[ Parent | on HN ]
Re:iPhone Sales Drop, and Apple’s 13-Year Surge Ebbs by qaq on Tuesday April 26, 2016 @09:48PM (#11577269)
I am not advocating that Apple needs to buy a bank, just noting that they have resources to buy pretty much any bank.
[ Parent | on HN ]