The Apple Card may be used to finance products other than the iPhone

News Technology

Apple will soon offer product financing when purchased with the Apple Card , the company’s credit card.

The Apple Card
The Apple Card

Tim Cook, Apple’s chief executive, said Thursday, April 30, that the company is working on it and that  the new financing plans will be launched “soon,” MacRumors reported after a call from Cook with investors.

Apple released the company’s financial statement on Thursday  for the second quarter, which ended on March 28, 2020, and which covers the company’s closing of stores worldwide for the coronavirus. The company did reveal an affectation by the new disease mainly on the iPhone, but its services had another record quarter.

The Apple Card
The Apple Card

Funding through the Apple Card started last December and only for iPhone purchases. The Apple Card offers the financing of the total amount to 24 months without interest. Users, once deferred, can view all installments and debt from their iPhone.

The financing plans would also work for the purchase of an iPad or a Mac, two products that, quite configured, can have a very high price. For example, a 16-inch MacBook Pro can start at $ 2,399, but once financing is available, users will be able to buy it in installments using their Apple Card.

 

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