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Payment card to be launched in August, Tim Cook says, as third-quarter earnings beat predictions

Apple has announced it will launch its own credit card in August, as the company continues to reposition itself as a services and software provider.

The announcement by the CEO, Tim Cook, came on an earnings call on Tuesday after the company’s third-quarter earnings beat predictions, sending shares up 3% in after hours trading. The tech company reported a quarterly revenue of $53.8bn, higher than its previous estimate of $53.39bn.

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from The Guardian https://ift.tt/2SRKdEu