Report: Apple Stops Development of iPhone Hardware Subscription Program
AAPLApple(AAPL) PYMNTS.com·2024-12-19 08:48

Apple has reportedly stopped its development of an iPhone hardware subscription program.The company had planned to launch the program in 2022, delayed it until 2023, and has now scrapped it, Bloomberg reported Wednesday (Dec. 18), citing unnamed sources.Apple did not immediately reply to PYMNTS’ request for comment.The company had planned to launch a service in which consumers would pay a monthly fee for an iPhone and get a new model of the device each year, according to the report.During development, the p ...