How can you buy an iPhone with the latest Netflix-style ‘Apple Subscription’?
The Executive Headlines
You can now get an iPhone for yourself through a ‘Netflix-style’ Apple subscription. The latest news of the new Apple subscription has been spreading like fire throughout the market like wildfire.
Netflix-style Apple subscription
According to reports, the Apple subscription would allow fans to pay a monthly fee to get the latest Apple gadgets as and when they are released. According to sources and other reports, the service could launch late in 2022 or early 2023. Apple already runs a monthly payment plan for gadgets – including iPhones and iPads – purchased from its website. Customers on the program effectively spread the price of the device over a period of 12 or 24 months.
According to Bloomberg, the new ‘Apple subscription’ service would be different in that it wouldn’t simply cover the cost of the device divided by 12 or 24 months. Instead, members would pay a still-undecided monthly cost that may come with an option to upgrade to new hardware as its released. Currently, Apple’s monthly plans do not automatically roll over to new devices as they’re launched. Various reports state that the change would “make device ownership similar to paying a monthly app fee”.
Accessing the Apple subscription
Like Apple’s other subscriptions, it would be tied to a user’s existing Apple ID account. Its possible customers will have the option to bundle in AppleCare or Apple One services, too. It could end up saving you money in the long run with small discounts offered to those who combine services into one subscription. The iPhone plan is part of drive by the company to shift towards subscription services, which it sees as a largely untapped source of potential revenue. Apple has previously focussed on selling iPhones at full cost outright. New devices can cost well above $1,000.
The iPhone Plan
The iPhone remains the company’s biggest source of revenue, generating $192billion in 2021. The iPhone plan is part of a drive by the company to shift towards subscription services, which it sees as a largely untapped source of potential revenue. Customers on the program effectively spread the price of the device over a period of 12 or 24 months.
In 2020, the firm launched Apple One, which bundles a number of its digital services together into a single subscription tier. Users get access to Apple Music, Apple TV Plus, Apple Arcade, Apple News Plus and more all for a monthly fee. Moreover, users can select from one of three tiers depending on how much they want to spend and who will be using it.