Apple already offers many different types of subscriptions. For an additional fee, users have the option of using services such as Apple Music, Apple TV+, Apple Arcade, iCloud+, Apple News+ or Apple Fitness+. Soon a new subscription may join this group. We are talking about a service that may allow the replacement of iPhones with a new model right after its premiere.
So far, this service has not yet received its name. It would work in such a way that customers would pay the amount specified in the subscription every month, so that after the new equipment comes out from Apple, they could return the used equipment and replace it with a new model. The system would therefore resemble a standard installment plan often used when buying electronics, but in this case the monthly fee would probably be less than the standard installments associated with the purchase of a completely new phone. It is possible that this service will also apply to the replacement of other Apple devices, such as iPad or Apple Watch. It is said that the new subscription from Apple may debut at the end of 2022, but it is also possible to postpone its premiere to 2023, and even eventually the project may be cancelled, as the final decision to launch hasn't been confirmed yet.