After launching a new “Apple Upgrade” program next week, Apple plans to stop accepting new registrations for the iPhone Upgrade Program, according to BloombergIt’s Mark Gurman.
It remains to be seen whether existing members of the iPhone Upgrade Program will be able to remain enrolled in the program beyond their current terms, or whether they will be migrated to the Apple Upgrade Program at some point. One key difference, according to the report: Apple Upgrade won’t be integrated into AppleCare+ with theft and loss coverage, which should result in a lower monthly payment. AppleCare+ will continue to be available separately, with upfront, annual, and monthly payment options.
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