Apple Drops Plans for iPhone Hardware Subscription Service Juli Clover | usagoldmines.com

Apple is no longer planning to launch a hardware subscription service that would let customers “subscribe” to get a new iPhone each year, reports Bloomberg‘s Mark Gurman.

Gurman first shared rumors about Apple’s work on a hardware subscription service back in 2022, and at the time, he said that Apple wanted to develop a simple system that would allow customers to pay a monthly fee to gain access to a device for the subscription period.

The subscription-based ‌iPhone‌ offering would make it easier for customers without the funds for an expensive ‌iPhone‌ to make monthly payments rather than purchasing upfront. Apple already has the ‌iPhone‌ Upgrade Program that splits the cost of a device across a 12 or 24 month period, but the planned subscription service would have been an ongoing monthly fee rather than payments over a set number of months.

After two years of work on the project, Apple apparently ceased development in recent months due to regulatory concerns, software bugs, and other issues. The team that was developing the subscription service was disbanded and reassigned to other projects. Apple has done some streamlining of its payment offerings this year, shutting down the Apple Pay Later pay-in-installments option that was available for less than a year.

This article, “Apple Drops Plans for iPhone Hardware Subscription Service” first appeared on MacRumors.com

Discuss this article in our forums

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.