iPhone will be interest-free if you buy it with the Apple Card
Apple CEO Tim Cook makes the announcement as Apple reports its third-quarter earnings.
Corinne ReichertSenior Writer
Corinne Reichert (she/her) grew up in Sydney, Australia and moved to California in 2019. She holds degrees in law and communications, and currently oversees the CNET breaking news desk for the West Coast. Corinne covers everything from phones, social media and security to movies, politics, 5G and pop culture. In her spare time, she watches soccer games, F1 races and Disney movies.
"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."
The news came as Apple reported its third-quarter
, 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
, 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
," Cook said in a statement.