Apple reportedly received’t launch an iPhone subscription service

Apple is now not growing a {hardware} subscription service for iPhones that will let subscribers get a brand new iPhone yearly, based on Bloomberg’s Mark Gurman. Gurman initially reported in 2022 that Apple was engaged on the service, and whereas it was apparently presupposed to launch that yr, the undertaking was delayed due due to “software program bugs and regulatory considerations,” Gurman says.

While the {hardware} subscription service apparently received’t see the sunshine of day, Apple affords installment plans you need to use to pay for an iPhone over time. The iPhone Upgrade Program spreads the funds of a mortgage for a brand new iPhone (and AppleCare Plus) over 24 months, and you may improve to a brand new telephone after you pay the equal of 12 months. If you could have an Apple Card, you can even pay for a brand new iPhone (and different Apple merchandise) utilizing Apple Card Monthly Installments.