Credit: Dhruv Bhutani / Android Authority
- Apple is reportedly working on an iPhone subscription program.
- The initiative has been likened to iCloud storage or Apple Music subscriptions.
- It’s believed that you won’t fully own an iPhone using this plan.
Update: April 4, 2022 (2:10 AM ET): Bloomberg‘s Mark Gurman has now addressed the iPhone subscription program in his weekly newsletter. The journalist specifically noted that you won’t actually own your device if you subscribe to this program. Read the excerpt below for the full quote:
The iPhone hardware subscription is more like a lease because you are paying a fee that is not simply the cost of the iPhone split up over two years. You’re paying off a portion of the value of the iPhone, but you never fully own it. And you can replace it when a new version comes out — just like with a car lease.