The service would allow fans to pay a month to month expense to get the most recent Apple gadgets as and when they’re released.
It could launch in late 2022 or early 2023, sources told Bloomberg in a report published Thursday.
Apple already runs a monthly payment plan for gadgets – including iPhones and iPads – purchased from its site.
Customers on the program effectively spread the price of the device over a period of 12 or two years.
According to Bloomberg, the new service would be different in that it wouldn’t simply cover the cost of the device divided by 12 or two years.
Instead, members would pay a still-undecided monthly cost that might come with an option to upgrade to new hardware as its released.
Currently, Apple’s monthly plans don’t automatically roll over to new devices as they’re launched.
Bloomberg said the change would “make device ownership similar to paying a monthly app fee”.
Like Apple’s other subscriptions, it would be tied to a user’s existing Apple ID account.
It’s possibile customers will have the option to bundle in AppleCare or Apple One services, too.
It could end up saving you money in the long run with small discounts offered to those who combine services into one subscription.
Apple has already focussed on selling iPhones at full cost outright. New devices can cost well above $1,000.
The iPhone remains the company’s biggest source of income, generating $192billion last year.
The iPhone plan is part of drive by the company to shift towards subscription services, which it sees as a great untapped source of potential revenue.
In 2020, the firm launched Apple One, which bundles a number of its digital services together into a single subscription tier.
Users get access to Apple Music, Apple TV Plus, Apple Arcade, Apple News Plus and all the more for a month to month fee.
You can choose from one of three levels depending upon the amount you need to spend and who will using it.
