Apple Mulling IPhone Subscription Service

The transcript discusses Apple's new subscription model for purchasing devices like iPhones, which allows consumers to pay a monthly fee instead of buying devices outright. This model could expand to other Apple products, offering annual upgrades similar to other subscription services. The approach is expected to increase Apple's revenue by providing a steady income stream. The transcript also compares Apple's strategy to similar models by Google and Peloton. The rollout is expected to start with iPhones and may expand to other devices over time.

Which other companies are mentioned as having similar subscription models?

When is the new subscription model expected to launch?