Apple will begin allowing customers to, CEO Tim Cook said Wednesday. But it only works if you buy the handset with the new Apple Card. This will also give customers 3% cash back on the total cost of the phone.
“I’m very pleased to announce today that later this year, we’re adding another great feature to Apple Card,” Cook said. “Customers will be able to purchase their new iPhone and pay for it over 24 months with 0% interest.”
There will also be no fees, Cook added, “and the ability to simply manage their payments right in the Apple Wallet app on iPhone.”
Theas the company’s first credit card for iOS users only. It’s both that you can use wherever the Apple Pay service isn’t available.
The news came as Apple reported its third-quarter earnings, which saw the iPhone maker reveal a 2% rise in sales to $64 billion for the three months ending Sept. 28. Most of the sales came from wearables including the Apple Watch and AirPods, and services like iCloud photo and document storage, plus the new Apple Arcade.
“We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fueled by accelerating growth from services, wearables and iPad,” Cook said in a statement.
iPhone sales fell by almost 10% down to $33 billion, but sales of the, could grow in the holiday quarter.
Apple also used thein September to announce a new Watch Series 5, a new entry-level iPad for 2019 and updates on the Apple Arcade gaming service. The biggest news was the new iPhone 11’s three cameras and advanced computational photography.
First published at 2:45 p.m. PT on Oct. 30.
Updated on Oct. 31 at 3:54 p.m.: Adds more info on iPhone 11 event.