Apple's hardware subscription service has been in the works for some time and was made public in March of this year when it was mentioned in a Bloomberg report. After a few months, the same source states that Apple's hardware subscription service is now in testing and will be launched by the end of this year or early next year.
Buyers will be able to subscribe to Apple gear rather than purchase it entirely through the subscription service. Buyers would have to pay a monthly charge and will be allowed to upgrade to a newer iPhone model when it becomes available.
According to Gurman, Apple is still testing its new hardware subscription service and figuring out how to combine it with its Apple One packages. According to the source, Apple will introduce its new service later this year or next year, and it was not announced at the iPhone 14 event to "avoid launch day complexity," as it would be an altogether different manner to acquire an iPhone.
What remains to be seen is how many Apple products will be included in this subscription service, as well as if this would expand to Apple's Mac environment. Pricing and small language that distinguishes between owning and merely utilizing the gadgets are also crucial. Gurman also claimed in his email that the membership cost will be determined by "whatever device a user chooses."
According to an earlier source, Apple will gain greatly from this new hardware subscription service, which is estimated to generate more revenue than the average selling price of an iPhone. This should benefit Apple as it delivers new versions of key gadgets year after year. The user benefits from a new and updated gadget at a lesser cost and does not have to endure the full expense of purchasing a new device all at once.