Apple to rent iPhones at $17.99/month

Apple has announced the launch of a iPhone leasing program in the United States with prices starting at $17.99 per month. This allows customers to rent an device for up to two years after passing a simple credit check. The new system aims to offer lower monthly payments and encourage customers to upgrade their phones more frequently, with the option to purchase the final device or upgrade to a new one after the lease period ends. This comes amid expectations of rising iPhone prices due to increased manufacturing costs. The company confirms that the program provides flexible payment options without requiring a security deposit, enhancing competitiveness in the smartphone market.

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