Apple Wants to Launch Hardware Subscriptions for iPhones, Other Products

Apple is working on what appears to be a hardware subscription system that would allow users to pay a monthly fee for access to certain devices like the iPhone and possibly other products.

A report from Bloomberg reveals that the plans for this project are yet to be finalized, however, Apple wants to make it easier for customers out there to get a new iPhone without paying the full price upfront.

As compared to the iPhone Upgrade Program, which more or less allows customers to do this already, the new hardware subscription system would use a specific monthly fee, just like it’s the case of pretty much any other subscription service out there.

Furthermore, Apple could use the system for more products than just the iPhone, possibly to expand it to devices like the Apple Watch and iPad.

Possible announcement by the end of the year

Apple also wants to make it super-convenient for customers to get a subscription, as in addition to the typical method via the company’s website, it will also support the App Store and the online store.

At this point, however, it looks like the plans are yet to be finalized, and nobody knows precisely when they could go live for customers across the world.

Apple is currently hard at work on finalizing the development of the iPhone 14, and it’s believed the hardware subscription system could be announced in September alongside the new models. However, it all seems to depend on the progress this project can make by the time the new iPhones are announced, so the company could very well push back the release of the service to 2023.

Needless to say, the Cupertino-based iPhone maker has remained completely tight-lipped on such details, so take everything with a pinch of salt until more information becomes available.