Posted by: Luke Jones in Apple news, tags: iPhone Upgrade Program, Samsung, Smartphones
Verizon and T-Mobile have already done away with contracted smartphone subsidizes and many other carriers are expected to follow suit eventually. That’s not necessarily good news for flagship manufacturers as consumers may find them harder to purchase. Samsung is now apparently working on an upgrade lease system, just like Apple’s recent model.
Yes, Apple already went there with its iPhone Upgrade Plan that was unveiled at the iPhones 6s launch event two weeks ago. The model lets consumers pay $32 per month to lease an iPhone and then upgrade it after one year for a new model. Wall Street analysts have praised this model as it gives Apple a new revenue stream, because the company can refurbish iPhones that are traded in and sell them on.
Samsung is now apparently now waiting to launch its own similar service, although it may not be launched until the Galaxy S7 arrives next year.