According to a new report, Samsung may be planning to launch a phone upgrade program starting with the launch of the upcoming Galaxy S7 flagship. Though details are light, the report from South Korea's Electronic Times, says that the program would be similar to the iPhone upgrade program launched by Apple in 2015 with the iPhone 6s and 6s Plus.

Samsung is said to be considering a March launch for the program in South Korea, coinciding with the launch of the Galaxy S7. If it indeed works like Apple's program, buyers would be able to finance their purchase through Samsung with monthly installment payments. Customers would then be allowed to upgrade their handset once per year, keeping them in rhythm with yearly flagship launches.

Of course, as with all reports of this nature, it's best to take this with the requisite grain of salt. Nothing is official until Samsung says so.

Source: ETNews (Korean); Via: Reuters