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How is this any different than the previously existing iPhone Upgrade Program?

• morpheuskafka 5y ago
  The article doesn't provide any details, but a "subscription" would imply that you lease the device monthly from Apple, which owns it. iPhone Upgrade Program involves you buying a phone outright, financed via a loan from Citizens Bank. The loan is written so that you have certain rights to turn in the phone, buy a new one, and that clears out the remaining original loan balance regardless of the phone's value.
  • fetus8 5y ago
    Ok, so the major difference from the current setup is that instead of you owning the phone, Apple will retain ownership. That is a pretty big difference. Especially if they start offering iPads that way too.
  • olivertaylor 5y ago
    Otherwise known as a lease, right?
• spaceisballer 5y ago
  I see it the same way. And if it’s cheaper I would be completely ok with it. I don’t necessarily upgrade every year but I’m still paying monthly. However with the modest feature upgrade year after year it’s becoming harder to justify.