Visa bids $100 million to replace Mastercard as Apple's new credit card partner, WSJ reports
1. Visa proposed $100 million to Apple to acquire credit card partnership from Mastercard.
FAQ
Why Bullish?
This acquisition could bolster AAPL's financial services segment, similar to how Amazon Prime enhanced Amazon's market position.
How important is it?
The significant dollar offer and partnership strategy could improve AAPL's competitive edge and revenue streams.
Why Short Term?
The immediate financial support and partnership change can influence AAPL’s quarterly earnings positively.