Apple Halts Plan For Iphone Hardware Subscription Service

Apple had planned to offer an iPhone subscription service similar to app subscriptions, with consumers paying monthly fees and receiving new phones each year. However, this initiative was recently shelved, with the team reassigned to other projects. The decision aligns with a broader change in Apple's payment services approach, which included shutting down a quotbuy now, pay laterquot program earlier this year. Initially set to launch in 2022, the iPhone subscription service faced numerous delays and regulatory issues, pushing its debut to 2023 and beyond, before ultimately being canceled. Apple's primary goal was to increase iPhone sales and generate more recurring revenue, while further integrating users into the Apple ecosystem.

As for comments, Apple representatives from Cupertino, California, declined to provide any.