Apple is reportedly planning an iPhone hardware subscription service

Apple’s iPhones and other devices have become increasingly expensive, and the company may be using alternative sales models to help soften the blow. Bloombergsources claim Apple is developing a subscription service for the iPhone and other hardware. Akin to the iPhone upgrade program, you’d pay a monthly fee rather than an up-front cost or financed instalments.

Other details weren’t available as of this writing, including pricing and availability. However, Apple’s upgrade program currently requires $35 or more per month to get both yearly iPhone upgrades and continuous AppleCare+ coverage.

Developing…