It could start in late 2022 or early 2023, sources told Bloomberg in a report released on Thursday. Apple already runs a monthly payment plan for gadgets – including iPhones and iPads – purchased from its website. Customers in the program effectively distribute the price of the device over a period of 12 or 24 months. According to Bloomberg, the new service would be different in that it would not just cover the cost of the device divided by 12 or 24 months. Instead, members will pay a monthly fee that has not yet been decided, which may be accompanied by an upgrade option as new material is released. At this time, Apple’s monthly apps are not automatically transferred to new devices when they are released. Bloomberg said the change would “make ownership of the device similar to paying a monthly application fee.” Like other Apple subscriptions, it would link to a user’s existing Apple ID account. Customers may also have the option to block AppleCare or Apple One services. It could save you money in the long run with small discounts offered to those who combine services in one subscription. The iPhone plan is part of the company’s effort to turn to subscription services, which it sees as a largely untapped source of potential revenue. Shutterstock Apple has in the past focused on selling iPhones at full cost. Newer devices can cost well over $ 1,000. The iPhone remains the company’s largest source of revenue, generating $ 192 billion last year. The iPhone design is part of the company’s effort to turn to subscription services, which it sees as a largely untapped source of potential revenue. Customers in the program effectively distribute the price of the device over a period of 12 or 24 months. Gabby Jones / Bloomberg via Getty Images In 2020, the company launched the Apple One, which combines a range of digital services into a single subscription level. Users have access to Apple Music, Apple TV Plus, Apple Arcade, Apple News Plus and many more for a monthly fee. You can choose one of three levels depending on how much money you want to spend and who will use it. This story originally appeared on The Sun and was reproduced here with permission