Although it was originally supposed to appear in 2021.
Of course, now it’s not a problem to find an option to buy an Apple iPhone in installments, but all such offers are not directly related to the manufacturer of these smartphones. According to Bloomberg, the Cupertino company has long been preparing a proprietary subscription program, under which customers could receive a new iPhone under a contract that provides for monthly payments over a period of time.
Image Source: Apple
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In 2021, it was not possible to implement it, as in the past, and some technical obstacles are to blame, but Apple is determined to offer such a financial service to its customers sooner or later. The amount of the monthly payment will depend on the model of the device, as the source explains. In general, Apple is developing a range of financial services, including installment payments for most purchases and the withdrawal of a branded payment card outside the United States. In theory, by offering more payment options for its devices and services, Apple ultimately increases the reach of its customer audience, which benefits the company’s revenue.
