Will Apple's introduction of a subscription model for purchasing iPhones and iPads in India boost sales?
Premium devices, such as the iPhone or iPad, need a significant financial investment.
Apple is currently developing a subscription service for the iPhone, iPad, and other Apple gadgets.
The change is intended to turn gadget ownership into a subscription service with a monthly cost, boosting Apple's recurrent revenue.
The move is intended to persuade customers to purchase an Apple hardware subscription rather than simply Apple's digital services.
According to a Bloomberg article, the initiative is still in the early stages of development.
In a dramatic strategy shift, Apple's new subscription service for iPhone and iPad would secure Apple's recurrent revenue.
Subscription Service For iPhone, iPad Soon
Apple's iPhone subscription service would also make it easier for purchasers who would otherwise have to fork out thousands of rupees for a new iPhone.
The full details of the subscription service are currently unknown.
However, we expect that purchasers would be able to pay for a new iPhone or iPad on a monthly or set-date basis.
Apple's plan is to make purchasing a new iPhone as simple as paying for monthly iCloud storage or an Apple Music subscription.
The Apple ID and App Store account for the iPhone hardware subscription would be the same, making switching from one phone to the next easier.
This brings us to the iPhone installment programme.
Rather than paying the whole price of the iPhone all at once, consumers can spread the cost out over 12 or 24 months, paying the required amount each month.
The new iPhone's monthly membership or installment will be determined by the model they choose.
The high-end iPhone 13 Pro Max with 1TB currently costs Rs. 1,79,900, which may be spread out over 12 or 24 months.
Get the Latest iPhone In Subscription
Apple, like all Android manufacturers, issued a new iPhone with improved functionality.
Fans from all around the world are frequently seen purchasing the latest iPhone model.
In India, the iPhone has always been on the higher end of the pricing scale, making it difficult for many individuals to update every year.
According to the claim, the alleged subscription service would make the transfer even easier.
This will make it simple for interested purchasers to trade in their old iPhones for the latest model of their choice.
It would not necessitate spending thousands or lakhs of rupees all at once, but letting purchasers 12 to 24 months to pay in installments.
Will It Boost iPhone Sales In India?
Similar subscription arrangements can be found at a number of merchants and e-commerce platforms.
Flipkart, in instance, offers a scheme that allows customers to trade in their old phones for new ones.
Apple's subscription scheme has the potential to boost iPhone sales in India.
This could result in a migration of Android users to the iPhone.
The concept, however, may or may not make it to market, according to the report.
"The subscription service is still slated to begin at the end of 2022," according to the article, "but it might be postponed into 2023 or cancelled."