Apple Subscription Service New Way Get iPhone

Actually, Apple has talked about this in its internal business that the hardware subscription service to the Apple One bundle and AppleCare technical assistance package. Apple first introduced bundled services in 2020 to allow consumers to have multiple services subscribed for a lower monthly fee, including TV+, Arcade, Music, Fitness+, and iCloud storage.

Actually, Apple has talked about this in its internal business that the hardware subscription service to the Apple One bundle and AppleCare technical assistance package. 

The iPhone remains the company's most widely profitable product. Apple's most profitable product, the iPhone, generated an estimated $192 billion in revenue last year, accounting for more than half of the company's total revenue. So it wasn't a surprise when Bloomberg reported on Thursday that Apple was working on a hardware subscription service similar to its software service. iPhone owners will pay for their phones and other equipment every month, such as streaming services, according to those with inside information. A request for comment from Apple went unanswered.

The goal is to easily make purchasing an iPhone or iPad as paying for monthly iCloud storage or Apple Music. Customers will be able to subscribe to hardware using the same Apple ID and App Store account they currently use to purchase apps and subscribe to services.

The monthly rate will not be the equipment price divided over 12 or 24 months, as with installment plans. Instead, it will be an undetermined monthly fee based on the device selected by the user.