Apple to sell iPhones via monthly subscriptions: reports
Apple is reportedly launching a brand new subscription-based service in which users can purchase iPhones and iPads.
Reports state that this service could launch as early as late this year.
According to reports, this new project by Apple fits their latest goal of moving towards subscription-based services. Services like Apple Music, Apple TV, Apple Arcade, Apple News and Fitness Plus have already secured themselves as successful subscription services, with many of them being sold under the new Apple One bundles as well.
Reports state that hardware-based subscription services for Apple aren't entirely new. From 2019, Apple began a monthly subscription service called AppleCare which allowed users to extend warranties on their iPhones. Since 2015, Apple had also offered its iPhone Upgrade Program, which added the option to physically exchange Apple devices after a year of periodic payment.
This reportedly new subscription service for buying iPhones will be based on a monthly cost, the amount which is unconfirmed as of yet. Reports suggest this service will also allow users to upgrade existing hardware to newer releases, and would likely be tied to only one specific Apple ID. It is currently unconfirmed whether AppleCare and Apple One services will be included in this new subscription service as well.
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