Apple is working on a hardware subscription service for iPhones
3 years ago

Apple is working on a hardware subscription service for iPhones

Al Jazeera  

Already, the iPhone is Apple’s biggest source of sales, generating nearly $192bn last year. Apple Inc. is working on a subscription service for the iPhone and other hardware products, a move that could make device ownership similar to paying a monthly app fee, according to people with knowledge of the matter. The service would be Apple’s biggest push yet into automatically recurring sales, allowing users to subscribe to hardware for the first time — rather than just digital services. Already, the iPhone is Apple’s biggest source of sales, generating nearly $192 billion last year — more than half the company’s revenue. Apple has been working on the subscription program for several months, but the project was recently put on the back burner in an effort to launch a “buy now, pay later” service more quickly.

History of this topic

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