Looks like it’s time some of us will finally make it to having an Apple iPhone as the company might soon launch a subscription-based model for its iPhones.
As per the reports by CNBC, Apple CEO Tim Cook hinted that the company may replace the traditional sale model with a subscription-based model soon. While there’s no official confirmation yet but according to the sources, the service may be called Apple Prime.
Similar to how subscriptions work, Apple will let you make monthly payments for your iPhone. The reports also say that Apple will also bundle its other services like Apple Arcade, Apple TV+, Apple Music, etc. with the monthly fee if you want it at all. So basically, it’ll be like making a monthly payment for all your Apple things.
With EMI, one needs to pay interest to the bank unless they opt for a no-cost EMI for a smaller period while as for the monthly subscription model, one can avail the monthly payment model without worrying about the interest.
While there is no confirmation on this yet, we can’t wait for it to be made official.