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Apple Plans Subscription Model for iPhone

Apple Plans Subscription Model for iPhone

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Apple might implement a subscription model for future hardware products including iPhones, Bloomberg reported

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If a subscription model were applied, customers wouldn't own Apple products, but would pay a monthly fee to use Apple products, like a person paying rent

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While still in development, the subscription service could reportedly launch by next year and be bundled into AppleCare and Apple One plans.

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According to Bloomberg, the plan would allow customers to subscribe to hardware with their Apple ID or App Store account.

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This wouldn't be a payment installment program, and the monthly fee wouldn't be a portion of the price of the product split up into 12- or 24-month increments.

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Program subscribers could also have the option to swap out their devices for the latest model upon release.

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