Apple Is Developing New Hardware Subscription Service For iPads And iPhones

Apple, like many other digital businesses, has shifted its attention to Hardware Subscription services in recent years. There’s Apple Music, Apple TV+ for movies and TV shows, Apple Arcade for games, and iCloud+ for cloud storage, among other things. If a fresh industry report is correct, the business may now enter the field of hardware subscriptions.

According to Bloomberg, Apple is developing a Hardware Subscription Service for the iPhone and other hardware items, which might make iPhones more like leasing than paying off a purchase. It might be a good alternative for folks who wish to update every year, but no pricing or constraints have been announced yet.

Hardware Subscription Service Will Be For iPads And iPhones

It’s worth remembering that Apple already offers a hardware subscription service in the form of the iPhone Upgrade Program. Buyers pay off an iPhone through 12 monthly payments under the current arrangement, then upgrade to a new iPhone at the same rate. The iPhone Upgrade Program starts at $35.33 per month for a 128GB iPhone 13 Mini and goes up to $74.91 per month for a 1TB iPhone 13 Pro Max.

Apple isn’t the only firm that is experimenting with hardware subscriptions. Xbox All Access is a bundle that includes an Xbox Series X or Series X console as well as 24 months of Xbox Game Pass Ultimate. The Xbox Series S membership costs $24.99 per month, whereas the Xbox Series X subscription costs $34.99 per month.

It’s unclear when Apple will introduce a subscription service, but the corporation is expected to have a lot planned for this year. Apple just announced the new iPhone SE with 5G, M1 iPad Air, Mac Studio, and Studio Display, and the iPhone 14 series is expected to be announced in the coming months. There are also speculations of a possible MacBook Air and 13-inch MacBook Pro revamp, both of which might feature the first M2 CPUs, as well as a 15-inch MacBook Air.