Users may have to pay monthly for using an iPhone in future

Apple already has a bunch of subscription services for apps and other services but it has not yet explored the idea on hardware products. However, it might just be working towards it. As hinted by Apple CEO Tim Cook during the company’s latest earnings call, a subscription model for iPhones might be on the cards. CNBC reports that when analyst Toni Sacconaghi asked the CEO about the idea of a subscription, Cook did not deny it but instead indirectly supported it.
“In terms of hardware as a service or as a bundle, if you will, there are customers today that essentially view the hardware like that because they’re on upgrade plans and so forth,” said Cook during the earnings call. “So to some degree that exists today.” He added that Apple sees the ‘subscription’ area as one of the major growth areas. “My perspective is that will grow in the future to larger numbers. It will grow disproportionately.”
So this means that Apple can possibly ask end users to pay a monthly fee to use an iPhone along with Apple Music, iCloud and other select services.