Tim Cook suggests Apple is working on an iPhone subscription service
We lease everything else, why not our phones?
That could mean a new lease of life for Apple’s finances…
Apple might be working on an iPhone-as-a-Service plan
Let’s think about this for a minute. We already lease our cars, our land, and sometimes, our houses. Why not our phones, especially if you’re planning on upgrading to the newest model every year? With iPhone hardware sales slowing down, bundling them into a subscription plan might make financial sense for the company.
- When asked if Apple might bundle iPhones into other subscription plans, CEO Tim Cook said that the company is looking into more ways for users to pay for their devices monthly
- Currently, Apple users can use the iPhone Upgrade Program to stretch their payments and Applecare over two years, or upgrade after 12 months
- You’ll soon be able to finance your iPhone interest-free if you use your Apple Card to pay for it
- Apple has also been promoting its trade-in program recently
I know I’d jump on this kind of arrangement since I typically upgrade my phone either every year or every second year. If Apple bundles Applecare+ and maybe Apple TV+, Apple Arcade, or increased iCloud storage into a payment similar to a financing amount, wouldn’t you?
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