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Apple Recently Entered the Financial Services Market with Its Version

Question 24

Multiple Choice

Apple recently entered the financial services market with its version of a credit card, the Apple Card. The card competes with other credit cards and various financial payment technologies such as Paypal, Venmo, and Android Pay. Industry analysts estimate that 6 out of 10 Americans have a credit card and that credit card use has grown by 42 percent in the past 7 years. The Apple Card entered the market as a


A) question mark.
B) raptor.
C) rocketship.
D) cash cow.
E) dog.

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