An iPhone Subscription Could Be Huge for Apple's Services Business

You might be paying for everything Apple (NASDAQ: AAPL) has to offer with a single subscription in the near future. The tech company is reportedly working on hardware subscriptions for its devices, including the iPhone. Unlike installment plans, which Apple's offered since 2015, the subscription would be more like a lease program with the option to upgrade devices periodically.

An iPhone subscription service could provide a great complement to Apple's existing subscription services with significant potential to bundle the service and lock customers into the Apple ecosystem.

The iPhone 13 Pro. Image source: Apple.

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Source Fool.com