iPhones are now so ridiculously expensive that in order to find new customers who want to be with the in crowd, they need to offer potential customers a mortgage. Renewable every 2 years. That’s Foolish!

Reuters via CNBC:

Goldman Sachs is in talks to offer financing to shoppers buying Apple products including iPhones, the Wall Street Journal reported on Wednesday.

Buyers of a $1,000 iPhone X could take out a loan from Goldman instead of charging it to credit cards that often carry high interest rates, the report said, citing anonymous sources.