Apple might have a goal in mind of eventually making all AppleCare+ purchases a subscription service resulting in recurring monthly payments. Apple has discovered through the success of its Apple Services unit just how recurring monthly payments can benefit its top and bottom lines.

Tweet by Mark Gurman reveals changes coming to AppleCare+. | Image credit-X
Apple Care+ covers damage to the screen or glass cover ($29 copay) and other accidental damage ($99 copay). If the battery on your iPhone is holding less than 80% of its original capacity, you’ll get a free battery replacement (assuming you are covered by AppleCare+). If you want to protect yourself even more, AppleCare+ with Theft and Loss covers everything that AppleCare+ does and adds the ability to get a replacement device for up to two incidents of theft or loss every 12 months. On those claims, the Find My app must be enabled at the time the device was stolen or lost, and throughout the claims process.
For AppleCare+ with Theft and Loss, add an additional $3.50 per month or an additional $70 for two years.