Reportedly, Apple (AAPL) could offer the iPhone in a new subscription plan that allows people to pay monthly for their devices. The deal will allow people to subscribe to a hardware service that would mean they would get hold of an iPhone or iPad. Recently, the iPhone maker has launched a range of monthly subscriptions including Apple Music, Apple TV+, and Apple Arcade. Customers paying for the ‘Apple One’ deal can avail many of the company’s offerings, apart from the device to run them on. Apple runs the iPhone Upgrade Program allowing owners to pay for their phones monthly and giving them the option to trade-in phones after 12 months. Reports suggest, that Apple would look to bundle those two offerings together, allowing customers to pay one monthly fee through their iCloud account for both services and the hardware.
The deal would allow customers to pay on an ongoing monthly basis for access to an iPhone or iPad, which could potentially be upgraded when new products are released. It is still not known how exactly ownership would work, whether Apple would continue to own the devices, and if they would need to be given back if the subscription is canceled.
Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.
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