Buying an Apple iPhone can be a little daunting. No matter how much you pay for the premium phone, you should keep it above Rs 50,000. Not everyone can afford an iPhone. But most people want to use it once. In finance there is a way to buy in the form of a monthly EMI. However, loans are not available to everyone. As a solution to all this, Apple is coming up with a monthly subscription model for buyers.

According to a Bloomberg article, Apple sells iPhones, iPods and other hardware products on a subscription basis. The subscription service is still under development and is expected to launch in the second half of this year. Customers who purchase under this policy will have to pay a monthly app fee. As a monthly subscription to telecom companies.

Until now, subscription services were only available for software services such as Apple Music, iCloud, Apple TV Plus, Apple Fitness Plus, and Apple Arcade. Bloomberg claims that the subscription policy will not be the same as charging the iPhone for 12 to 24 months. May shift to the new iPhone series that is released every year. Apple will take the old device and give it a new model device. The company decides how much the customer should pay per month. Learn more when Apple launches this service.