Apple is expanding its service offerings by introducing a high-yield savings account for Apple Card.

 

Apple is expanding its service offerings by introducing a high-yield savings account for Apple Card.  Reports also indicate that Apple is preparing to launch a mixed-reality headset to counteract declining iPhone sales.  The new headset provides another platform for Apple to increase its software offering by selling apps and services.  Last quarter, Apple experienced a 5% YoY decline in revenues.  Apple has invested heavily in promoting Apple Card and recently launched a buy now, pay later program through Apple Pay.  The incentives for Apple Card are designed to encourage consumers to purchase iPhones so that they can manage their finances through Apple Card.