By , MacRumors

Apple is developing a hardware subscription service that would allow customers to “subscribe” and receive an iPhone or other Apple device as part of their subscription, similar to the way current Apple subscriptions like iCloud work, reports Bloomberg.

Customers would be able to pay a monthly subscription fee and gain access to a device for the subscription period. This would be ideal for customers who do not have the funds to buy an expensive ‌iPhone‌, iPad, or Mac up front, but who can afford a monthly price for the device, plus it would bring in more revenue for Apple.

Apple is said to be aiming to make the process of buying an ‌iPhone‌ or an ‌iPad‌ “on par” with purchasing ‌iCloud‌ storage or paying for an Apple Music subscription, with customers able to subscribe to hardware with their Apple ID and App Store account.

Read more details at MacRumors:

https://www.macrumors.com/2022/03/24/apple-hardware-subscription-service/