The Apple Card is Apple's credit card and is unlike traditional credit cards.
Tim also mentioned that Apple is still on track and has aimed positively to double the revenue by 2020.
On the sidelines of announcing its quarterly earnings, Apple also confirmed that its Apple Card will begin accepting applications starting August.
CEO Tim Cook confirmed during the earnings call that Apple Card is already being used by thousands of Apple employees in beta mode and starting this month, it will be rolled out to others, The Verge reports.
The Apple Card is Apple's credit card and is unlike traditional credit cards. Instead of the 16-digit card number, CVV code, or expiration date, it generates the details randomly during transactions for secure purchases.
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