Apple launched a credit card on Monday to a chorus of “so what?” from investors. Apple stock crashed overnight and everyone from CNBC to Huffington Post called it underwhelming. They’re wrong. The Apple credit card is the biggest game-changer in the history of the company. Just think about what it means for a minute. The biggest company on the planet is positioning itself as a bank and there are already 1.4 billion people with an Apple Wallet in their pocket. Apple stock should be surging. Traditional banks will soon be wiped out; replaced by tech companies. Apple just made the
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