Apple is rumored to be planning to launch an iPhone hardware subscription service

Nowadays, the iPhone has been updated every year, but if it is not for the trenches or mobile phone players, ordinary users rarely change it every year. However, Apple actually hopes that everyone can use a new generation of iPhones every year. The latest news said that Apple will plan to launch a hardware subscription plan for the iPhone, and users can use the iPhone by paying monthly.

Apple will launch a hardware subscription plan for the iPhone as early as 2023, according to multiple media sources familiar with the matter, but there is no specific plan description yet. Presumably, after joining the program, the user pays a certain amount every month to “rent” an iPhone, which is also similar to buying an iPhone in installments. Although hardware subscriptions are much rarer than service and software subscriptions, Microsoft’s Xbox All Access already has a hardware subscription service for Xbox Series X/S.
The subscription system is very popular these days, and companies such as Microsoft, Google, and Netflix all provide multimedia subscription services with game video and audio. Apple also has services such as Apple Music, TV+, and iCloud, which already account for a lot of revenue in Apple’s financial report. In the past few years, some analysts believe that Apple will turn to services in the future, not just a company that sells iPhones, so in addition to digital services, Apple also hopes to do hardware subscriptions.