Apple is planning to introduce a new subscription service for their hardware later this year

According to a new report from Bloomberg’s Mark Gurman, Apple is planning to introduce a subscription service for the iPhone and other Apple devices later this year.

Apple is planning to allow customers to subscribe to a product just like they would for iCloud storage, Apple Music, or Apple TV Plus. They will use their Apple ID for the product and services.

This subscription service will also have a fixed monthly price and will allow you to upgrade to new products as soon as they get released.

The new service is rumored to launch by the end of this year, but there is a possibility that we might see it in early 2023.