Apple Will Lease iPhones

Apple plans to lease iPhones. This allows customers to get a new phone each year without buying it outright. This move comes after reports of Apple raising prices for iPads and Macs. A global chip shortage affects these price changes.

The new program could start next year with the iPhone 15. The exact details are still under wraps. Sources suggest people can get an iPhone for a monthly fee. This fee covers the phone and possibly other Apple services.

This leasing model is much like a car lease. You pay a set amount each month. Then you return the old model when a new one comes out. This keeps you with the newest tech without a big upfront cost.

This plan changes how people buy Apple products. It makes iPhones more affordable each month for many. It also creates a steady income stream for Apple.

Source: CNBC