If you think it’s too expensive to buy new iPhones, it may soon be possible to start subscribing to new iPhones instead.

It’s Bloomberg that has been in contact with sources that state that Apple plans to launch a subscription service for iPhones. The service is said to mean that iPhone users will be able to pay for their iPhones via a monthly subscribtion cost instead of paying the full purchase price directly at the time of purchase.

The rumored subscription service would also mean that users can easily upgrade to new iPhone models when these are released. Exact details for what Apple’s possible subscription service would cost and other terms are still missing. Sometime at the end of this year or early 2023, Apple is expected to launch the service, according to Bloomberg sources.

Source: Bloomberg