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September 19, 2020

Apple ended its partnership with Barclays as it looks to take more control of its financing offerings.

Apple will no longer allow consumers to apply for the Barclaycard Financing Visa credit card, which previously enabled cardholders to purchase Apple products with no interest.

This move comes after Apple ended the Barclaycard Apple Rewards card in 2019, which allowed cardholders to put rewards points toward Apple purchases, and enabled Apple Card users to pay for a variety of Apple products with monthly installments in June 2020.

Apple is trying to funnel consumers looking for financing options on Apple products to Apple Card to build out the card's user base.

Business Insider Intelligence's Daniel Keyes has the full story.

BRIEFING HIGHLIGHTS

Boehringer Ingelheim and Click Therapeutics ink new partnership

Boehringer Ingelheim signed a $500 million deal with Click Therapeutics to codevelop a digital treatment for schizophrenia.

Uber and Lyft sales will rebound in 2021 after declining this year

Uber and Lyft will share in the economy's pain this year, but sales will rebound strongly in 2021—growth of 70.2% for Uber and 44.1% for Lyft.

What Oracle and TikTok stand to gain from a partnership

Oracle confirmed yesterday that it won the bid for TikTok's US operations, and if the deal is approved both companies could benefit.

Amazon's law enforcement data requests heighten smart home concerns

Amazon's record number of information requests from US law enforcement for user data could reinforce consumers' aversion to smart home devices.

Amazon debuted exclusive luxury retail marketplace

Amazon launched Luxury Stores on its mobile app for select Prime customers, helping the etailer move into the lucrative luxury retail space.

Apple Watch Series 6 comes stocked with health-tracking features

Apple's Series 6 Watch introduces a hallmark addition to its suite of health tracking features––fortifying its position in the digital health space.

Nvidia's Arm acquisition attempt faces a fraught legal battle

Nvidia agreed to purchase Arm for $40 billion, but the acquisition will likely face fierce pushback from tech competitors, the UK, and China.

Silicon Valley Bank has backed a gig economy startup

Silicon Valley Bank backed the launch of a gig economy startup that matches companies with executives seeking short-term work.

Razer detours from its core business to build a bank

Razer, known for gaming hardware, is eyeing banking licenses in the US and EU to capitalize on its brand and grow a financial services business.

Amazon is entering the podcast foray via Apple Music

Amazon Music introduced podcasts in the US, UK, Germany, and Japan for no additional cost, and initially it will have a catalogue of 70,000 podcasts.

RESEARCH IN FOCUS

The Smart City Journey Report

Insider Intelligence takes a deep dive into the evolving smart city solutions market. We size the smart city partnership opportunity, define the five key indicators of smart city development, and detail the three phases of smart city frameworks.

Get the full report →

The Evolution of Digital Stock Trading

In this brand new report, Insider Intelligence explains how startups sparked change in the stock trading industry; gives an overview of the key players in the stock market today, and where startups like Robinhood fit in.

Get the full report →

AI in Content Marketing Report

Advancements in subdivisions of AI, like natural language processing, have fostered the creation of a range of AI-powered content tools. For marketers, AI presents a new opportunity to accelerate and optimize the creation of written content. Business Insider Intelligence examines the current and potential role AI can play in enhancing an organization's content marketing efforts.

Get the full report →

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