Samsung is planning to follow in Apple's footsteps by launching its own Galaxy smartphone leasing program in the U.S. over the coming months, according to Forbes.The South Korean electronics giant is planning to launch a program for leasing its Galaxy phones in the U.S. market, similar to the one Apple announced just weeks ago, according to an industry executive with knowledge of Samsung’s plans. Samsung may be launching this leasing program in the next several months, although that timeline may accelerate, the executive said.The report does not offer any other details about Samsung's plans for the rumored smartphone leasing program, but the move would make sense as the wireless industry moves away from subsidized pricing and two-year contracts in favor of monthly installment plans and financing programs for payments.
Apple introduced the iPhone Upgrade Program alongside the iPhone 6s and iPhone 6s Plus earlier this month, enabling customers to upgrade to a new iPhone every year with AppleCare+ warranty coverage included. Eligible customers who sign up for the program will have the full cost of their new iPhone broken down into 24 equal payments of around $30 to $45 per month depending on the model, plus a premium for AppleCare+.
After the first 12 monthly payments, the customer gains the option to trade in their iPhone for a new one and enter into a new 24 month installment plan to pay it off. The final cost of an entry-level 16GB iPhone 6s with AppleCare+ purchased through the iPhone Upgrade Program is $777.84, which is ultimately the same price as purchasing a 16GB iPhone 6s ($649) and AppleCare+ ($129) outright -- but with less due upfront.
AT&T, Verizon, Sprint and T-Mobile also offer their own carrier financing plans for iPhones and Galaxy smartphones, each breaking down the full price of the device into equal monthly payments.
107 comments
Safari in the iOS 12.2 beta and Safari 12.1 for macOS High Sierra and Mojave includes an updated version of Intelligent Tracking Prevention, according to details shared on Apple's WebKit blog.
...
The so-called "Apple Car" may not be a car after all, but rather an electric van, according to German site Manager Magazin.
LiDAR-equipped Apple Maps vehicle in 2015
The report,...
Apple and investment bank Goldman Sachs plan to launch a joint credit card later this year, according to The Wall Street Journal.
The report claims the card will be rolled out to Apple...
Apple Music vice president Oliver Schusser spoke with German blog Macerkopf this week, revealing that European developers have now earned over $25 billion from the App Store since its inception...
Apple recorded its biggest decline in iPhone sales for almost three years over the holiday quarter, according to new market research data by Gartner.
Apple sold 64 million iPhones in...
Fast Company today published its annual rankings of the 50 most innovative companies in the world, with Apple dropping from 2018's top spot to 17th place this year.
According to the...
macOS, the operating system that runs on Apple's Macs, has tons of hidden shortcuts, keyboard commands, and features that have gone under the radar. In our latest video over on our YouTube...
Apple today released a white paper outlining its self-driving car testing procedures as required by the National Highway Traffic Safety Administration [PDF via CNET].
The short seven-page...
