The South Korean electronics giant is planning to follow Apple with monthly payment plan for smartphones, Forbes reports.
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Samsung is reportedly planning to borrow another page from Apple's smartphone playbook.
The South Korean electronics giant is planning to introduce a program that will lease its flagship Galaxy smartphones to customers in the US market, like the one Apple introduced earlier this month, an industry executive said to have knowledge of Samsung's plans told Forbes. The leasing program could launch in the next couple of weeks or sooner, the source told Forbes.
The report emerges less than two weeks after Apple unveiled its own device upgrade program for customers who want to buy a new iPhone 6S and iPhone 6S Plus without agreeing to a carrier contract. The new program will allow customers to upgrade to a new iPhone every year for a monthly fee.
Apple will still offer iPhones for customers who still want traditional two-year contracts, but this is the first time the Cupertino, California, tech titan has offered a device upgrade program.
Leasing programs backed by smartphone makers come as wireless operators are moving away from traditional two-year contracts and the device subsidies that come with those plans, and instead are requiring customers to pay full price for devices. T-Mobile was the first major US carrier to abandon contracts more than two years ago. Verizon recently announced it is doing away with the two-year contract for new customers.