Apple to Mac Buyers: Have We Got a Payment Plan for You - TheStreet

JIM CRAMER INVESTING PERSONAL FINANCE RETIREMENT CRYPTO MARKETS HOW-TO VIDEO FINANCIAL ADVISOR CENTER TECHNOLOGY

Like other retailers and credit card providers, Apple (AAPL) - Get Report is pining to know what's in your wallet.

More specifically, the Cupertino-based computer and software giant wants to know if you have its Apple Card credit card in your virtual wallet - and if so if you'd like to use it to buy a new Mac or iPad and make easy monthly installments with it.

Apple could soon allow customers to buy many of its products, including iPads, Macs and AirPods, over monthly installments via its Apple Card credit card, Bloomberg reported on Monday.

The tech giant is planning to roll out the service in the coming weeks, people familiar with the plan told Bloomberg. The offering will let customers buy a product through Apple and split up the cost over several months with interest-free payments.

Apple will offer a 12-month interest-free payment plan for iPads, Macs, the Apple Pencil and iPad keyboards, as well as the Mac XDR Display monitor, and six months with no interest for AirPods, Apple TV, and HomePod, according to Bloomberg.

The move comes as Apple and many other computer makers and retailers look to incentivize buyers to spend following one of the worst quarters for sales and earnings on record, thanks to the coronavirus pandemic.

Meantime, Apple is planning to launch a services bundle soon, according to a beta version of an upcoming iOS release.

The beta version of Apple's iOS 13.5.5, which was released last week, contains references to a subscription bundle that didn't exist in prior versions, suggesting that a services bundle could launch alongside that version of iOS.

Watch More of the Latest Videos from TheStreet and Jim Cramer