In order to increase its sales, Apple Inc is likely to launch a subscription service for its smartphones and hardware products. A new report by Bloomberg claims that the Cupertino-based tech company is developing hardware subscription services; however, there are chances that it will be only available later in the year.
Apple To Sell New And Latest iPhones Without Monthly Subscription Model
The report said the company wants to enable customers to subscribe to their iPhones and iPads with the same Apple ID and with their existing App Store account. Plus, the report states the company might not split the price in 12 or 24 months EMI and there are high chances that the subscription might be based on the product.
In addition, the report claims that the company is likely to allow customers to exchange their devices with new models whenever new ones come out under their expected hardware subscription service.
Also, the report said that the company might attach the upcoming subscription service to the AppleCare and Apple One bundles. Notably, the subscription of Apple’s One provides several services like Music, TV+, Fitness, iCloud, Arcade, and more.
For the uninitiated, the company allows its users to finance the products through an Apple Card. In addition, the company is providing an upgrade offer, which allows customers to get the new iPhone every year without paying extra. Plus, the tech giant offers AppleCare warranties; however, Apple’s new services might not be considered as an EMI option.
It is worth noting that these efforts have been launched to increase the sales of the products, but the details of the new services are not unknown. However, we believe that this will allow buyers the flexibility to purchase the product.