Apple's new iPhone leasing program will soon change how you use the tech firm's advanced smartphone. Right now, people usually acquire an iPhone by purchasing the handset right away or buying it in installments.
The Apple logo sporting a green leaf to mark the upcoming Earth Day is seen on a window of the company's store in Bangkok on April 14, 2021. (Photo by Mladen ANTONOV / AFP)
But, the new effort of Apple is quite different since it will allow you to use an iPhone by subscribing to the new service.
This means that owning an iPhone will soon be comparable to how you own an account for Amazon Prime, Netflix, and other subscription services.
Some experts claimed that the new Apple service would not only be consumer-friendly, but it will also be an eco-friendly program.
Why Apple's New iPhone Leasing Phone is Beneficial
According to CNET's latest report, leasing iPhones will drastically change how smartphones are being sold to consumers across the globe.
A person uses a smartphone at the Mobile World Congress (MWC), the world's biggest mobile fair, on February 26, 2018 in Barcelona. - The Mobile World Congress is held in Barcelona from February 26 to March 1. (Photo by LLUIS GENE / AFP)
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Currently, the unused iPhones and other gadgets are just adding up to the e-waste that affects the environment. Once the new Apple leasing program arrives, it can change this scenario.
This can happen through recycled materials. If the tech giant manufacturer allows its consumers to rent an iPhone, they can easily upgrade their products without throwing their old models.
Since it will be a monthly subscription fee, having an iPhone will also be cheaper than buying them outright.
Why Apple Wants To Lease iPhones
Bloomberg reported that the new iPhone leasing program is a part of Apple's efforts towards subscription services.
Since it will change how people own gadgets, some experts consider the leasing service the tech firm's biggest activity as it automatically enters recurring sales.
The new iPhone subscription service will also be the first one to offer a hardware subscription experience. Currently, the giant tech manufacturer is still working on its upcoming smartphone leasing service.
Recently, the newly announced EU law is expected to allow Apple sideloading app activity.
Meanwhile, Apple's iPhone SE unit decrease will soon happen as a part of the company's effort to go more eco-friendly.
For more news updates about Apple and its upcoming activities, always keep your tabs open here at TechTimes.
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Written by: Griffin Davis
