Apple is reportedly preparing to make a major change to the way it sells iPhones. You'll still be able to plunk down $1,000plus on the latest and greatest iPhone if you want, but the company is rumored to be launching a new subscription service (see page 46) that lets you essentially lease iPhones and other devices for a fixed cost.
There aren't a lot of details about the program, but it will reportedly begin with the iPhone before expanding to other devices. As it stands, Apple already offers the iPhone Upgrade Program (fave.co/3uQucCa), which lets you spread the cost of a new iPhone with AppleCare+ over the course of two years. That program is essentially a loan that requires a credit check and monthly payments to a bank, with an option to upgrade to a new model (and loan) after 12 payments.
If you upgrade regularly, it's a great program for everyone involved. You get a new iPhone and Apple gets to keep a customer while also getting a used phone to flip for a tidy profit. You can probably get more for a year-old iPhone by selling it privately or to a third-party reseller, but nothing beats the ease of upgrading in the program: Order your new iPhone, put your old one in the supplied box, and you're done. There's no extra cost or hassle.
This story is from the May 2022 edition of Macworld.
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This story is from the May 2022 edition of Macworld.
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