You may have to wait longer to ‘subscribe’ to iPhone, here’s why – Times of India

why pay full price for new iphone When can you subscribe? Yes, Apple Reportedly working on a subscription plan for iPhones. But it’s been a long time since we first heard about it. So, is the iPhone subscription service still coming? Well, it is, but it can’t come soon enough.
Last year, Bloomberg’s Mark Gurman reported that Apple was working on a hardware subscription plan that would offer the iPhone and other hardware on a monthly subscription model.
Back in 2022, Gurman wrote that the service was still in development. Well, it’s been almost a year, and there’s no sign of such a service. But that doesn’t mean Apple has given up on its plans for an iPhone on subscription.
In the latest edition of his newsletter, Power On, Gurman notes that Apple’s push into the financial segment, including its iPhone subscription program, has hit engineering difficulties, which have pushed back plans to introduce the program alongside its launch last year. . iphone 14,
Gurman further noted that the subscription service was supposed to launch in 2023, but with no word on when it will arrive, “it should come eventually.”
How will the iPhone subscription model work?
Apple wants to make buying an iPhone as easy as subscribing iCloud Or apple music, Gurman says all you’ll need is an Apple ID and app Store account, and you can subscribe to an iPhone, just like you buy an iCloud subscription.
How is it different from an installment plan, you may ask? Well, if you buy the iPhone in installments, the price is divided equally over 12 or 24 months or the period you choose. But, in the subscription program, there will be a monthly fee, which may or may not be the same depending on the model you choose and the installment you will have to pay to keep the iPhone.
The iPhone subscription program had been running for several months, now for years. Earlier, Gurman said that Apple had put aside plans to bring a “buy now pay later” service, which still appears to be a priority.
Apple recently started testing “Buy Now Pay Later”, otherwise known as Apple Pay LaterWithin a closed group of corporate and retail employees across the United States. Gurman notes that if everything goes according to plan, service could begin in March.
With plans to introduce costlier iPhones, it seems that Apple may soon introduce subscription scheme, so people can subscribe to these expensive iPhones instead of buying them.