Apple is said to be working on a hardware subscription program that could allow users to upgrade their iPhone every year while paying a monthly subscription fee. According to Bloomberg’s Mark Gurman, the Cupertino company could earn more than the average selling price of an iPhone through the hardware subscription service, while users would not have to pay a large upfront fee to upgrade to the latest model.
Apple is rumoured to be working on a hardware subscription service that would let users pay a monthly subscription fee to get access to the latest iPhone model every year. According to a new report, the company could rake in even more money, compared to when users purchase a new upgrade for their existing iPhone model. Meanwhile, customers would not have to shell out a large amount of money upfront for a new iPhone while always upgrading to the latest model. While the Cupertino company is yet to announce any plans for such a subscription service for its smartphones, Bloomberg’s Mark Gurman has shared estimates of how much money Apple could generate from its rumoured monthly subscription service, in his weekly Power On newsletter.
