Amidst a flurry of new product announcements, Apple last week introduced a new iPhone Upgrade Program that allows users to pay for a new device over the course of 24 months for as little as $32/month. Though not the cheapest program around, Apple’s program does come with AppleCare+ which, depending on your perspective, might make it rather enticing.
The underlying appeal of Apple’s iPhone upgrade program is that once a user makes 12 monthly payments, they become eligible to purchase a new iPhone and start a new two-year repayment plan.
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