Samsung Galaxy Note 5

Samsung is reportedly looking to take a leaf out of Apple's book. According to Forbes, the company is planning to launch a new leasing program for its Galaxy smartphones. This would enable consumers to enter a contract with Samsung to pay monthly instalments for a new mobile device like the Galaxy S6 and Galaxy S6 edge.

Apple's iPhone Upgrade Program allows consumers to take out a new, unlocked iPhone on an affordable monthly plan (starting from $32) with the ability to upgrade each year if they so desire to do so. This program allows consumers to skip lengthy carrier subsidized plans and opt for SIM-only deals instead. Apple also throws in Apple Care for good measure.

It would make sense for Samsung to offer a similar program for its segment of the market, as well as to attract new customers who wish to remove themselves from two-year carrier contracts. Pricing and additional details of this potential program from Samsung were not provided, so we'll have to wait and see what Samsung may have planned.

Source: Forbes