Apple makes a service move with News+, TV+, Arcade

Tim Cook CEO of Apple speaks during an Apple special event at the Steve Jobs Theater in Cupertino

Apple Card transforms the entire credit card experience by simplifying the application process, eliminating fees and encouraging customers to pay less interest.

Launching in the U.S. first Apple has insisted News+ will feature over 300 magazines that include Esquire, National Geographic, Men's Health and more. A brief overview trailer of Apple Arcade is linked below, and if you're interested learning even more about it, check out everything we know about Apple Arcade.

The great thing about the Apple Card is that, compared to traditional credit cards, it will not have any late, global usage or yearly fees.

The Apple Card will also allow you to generate a new credit card number any time, via the Wallet app. You will need to apply for the card on your iPhone and that's where you will also pay for purchases and see all your bills.

Apple will also attempt to "place Apple Card users at the low end of their interest rate tier." meaning the Cupertino firm will try to shift you to a lower rate as opposed to the interest rate that exactly matches your credit score. Apple mentioned on Monday that there would be no fees for late payments. The card, launched in partnership with Mastercard and Goldman Sachs, and targeted mainly to iPhone users, will be launched this summer.

Ironically during its press event Monday, Apple harped on about how important privacy was for new services.

Читайте также: Trump's Golan Heights order 'contravenes worldwide law'

Apple Card is both a digital service stored in Apple Wallet and an actual physical card for use where Apple Pay isn't accepted. Purchases made using the physical card, though, are limited to one percent cashback.

Another unique feature that not only distinguishes the Apple Card from others but is also its biggest attraction is the Daily Cash rewards system. Users will be able to access past and current issues of popular publications such as National Geographic, The Atlantic, Condé Nast Traveller, Entertainment Weekly, and Rolling Stone among many others.

Apple has declared games played through Arcade will have no ads, ad tracking or feature in-app purchases.

But look at it this way, potential new or existing subscribers will no longer see value in opting for a direct monthly fee to occasionally access top content. The cost of the service has not yet been released and will be available only on Apple devices and all games will be available with just one subscription. Specifically, the way that Apple lets users sign up.

But Goldman is entering a crowded market for co-branded cards where retailers often have the upper hand, and analysts question how much tolerance its shareholders will have for growing the bank's fledgling consumer business through credit card lending.

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