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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 i
by 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 agoOk, 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 agoOtherwise known as a lease, right?