According to Bloomberg, Apple is working on a new subscription-based model that will allow customers to buy iPhones and other Apple devices on subscription. Essentially, consumers will pay a monthly subscription and receive an iPhone of their preference, as well as free upgrades when new models are released.
This service will differ from current installment arrangements in that it will be a fixed monthly price rather than the cost of the phone divided by 12, 24, or 36 months as with installments. Apple Music, Apple TV+, Apple Arcade, iCloud+, Apple News+, and Apple Fitness+ will all be included in the iPhone subscription service, which will be tied to users’ existing Apple ID accounts. It may also bundle free Apple Care and even Apple One services, such as Apple Music, Apple TV+, Apple Arcade, iCloud+, Apple News+, and Apple Fitness+.
According to the source, the new subscription service would launch with iPhones by the end of this year or early in 2023, and will then expand to include iPads, MacBooks, and Apple Watch. There’s no word on pricing yet, but it’s expected to be between $20 and $40 every month. Which is somewhere around Rs. 1500 to Rs. 3000. Although at the moment we don’t have any idea about whether this subscription model will be launched in India or not.
Along with that at the moment it’s unclear how subscription cancellations will affect the end-users cost. What do you think about this new subscription-based model for iPhone do let us know in the comments below.