Subscriptions for iPhones may be available soon from Apple

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Apple is reportedly working on a new subscription service through which it will sell the iPhone and other hardware products. This could be the company’s biggest push into subscription-driven sales. Instead of purchasing an iPhone or iPad outright, customers would simply pay an application fee each month to keep their device. Bloomberg claims that Apple’s hardware subscription service is still in development, but the company is expected to launch it by the end of the year.

A big part of Apple’s success has been its subscription model. They make a significant contribution to Apple’s total revenue. On the other hand, subscriptions have only been available for Apple’s software services, such as iCloud, iCloud Drive, and iCloud Music. As part of the Apple One bundle, the company offers subscriptions to several of its software services for a flat monthly fee. As a whole, Apple’s push into subscription services is expected to be focused on selling hardware products via subscriptions rather than software. The iPhone is likely to be a part of the Apple One subscription package, just like its software services.

According to Bloomberg, however, the monthly fee for hardware subscriptions would not be comparable to the total cost of an iPhone over 12 or 24 months. The iPhone subscription, on the other hand, would include the option to upgrade to new devices as they are released at a price that has yet to be determined. That is to say, Apple will charge you a fee that includes a portion of the iPhone’s purchase price as well as a fee that lets you avoid paying the full price for a new iPhone next year. Apple’s software services could also be included in the iPhone subscription. According to the report, this could be the nature of the subscription, but there is no official confirmation.

Also read: Price leaks on the Apple iPhone subscription suggest it may cost you more than a one-time payment

Like other subscriptions, the iPhone-based subscription service is likely to be linked to a user’s Apple ID account. So that the user does not have to pay for AppleCare or Apple One services separately, this could be included as an option as well.

It is currently possible to finance the purchase of hardware products through an Apple Card in select markets. Through this program, customers in select countries can get a new iPhone every year without paying any additional costs. It also includes subscriptions to AppleCare’s extended warranty coverage. This could be considered a hardware subscription, but Apple’s new subscription is more than just an EMI option.

It is difficult to envision an Apple service that completely replaces these current applications. However, because the details are not clear, we could assume that Apple is possibly considering giving customers the flexibility to own an iPhone alongside its popular software services without having to pay separately. Of course, the subscription fee for the entire bundle may be higher than Apple One currently charges.

Also read: Someone fitted an Android phone with an iPhone’s Lightning port

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