Apple is allegedly working on an iPhone subscription service.

Apple is working on an iPhone subscription service that would allow users to pay for iPhones and other Apple products monthly. The monthly membership fee is unlikely to be the device's entire retail cost split by months. It would be a fixed cost that might change depending on many things, such as the ability to upgrade to a newer device. The Apple ID would be attached to the iPhone subscription service.

Apple has yet to declare or confirm its plans openly, but sources say the service might come by the end of the year or early in 2023. The goal would be to enhance Apple's recurring income base by expanding the company's extensive list of subscription services such as Apple One, Apple Arcade, Apple Music, Apple News+, and Apple TV+.