Apple Reportedly Exploring iPhone Subscription Model

To secure a reoccurring revenue stream, Apple is reportedly developing a subscription service model for its hardware, including iPhones. According to CNBC, Apple would "bundle hardware upgrades with services such as iCloud storage or Apple TV+ content and hardware for a single monthly fee." The potential switch from a transactional model to a subscription model would break Apple's single-purchase cycle, potentially drive the company's stock price up without making an actual increase in physical ...