Apple wants to help you afford an iPhone, and is working on a hardware subscription service. The monthly subscription fee is yet to be decided, as the project is in development and likely to be announced in early 2023.

Apple releases a new version of the hardware every year, and we'd like to assume that the subscription service will make it easier for people to upgrade. The iPhone subscription will be linked to the user's Apple account for easy management. The iPhone subscription service would make a lot of money for Apple, and save people from spending big cash on iPhone in one go.