Apple reportedly gained’t launch an iPhone subscription service

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

Whereas the {hardware} subscription service apparently gained’t see the sunshine of day, Apple provides installment plans you need to use to pay for an iPhone over time. The iPhone Improve Program spreads the funds of a mortgage for a brand new iPhone (and AppleCare Plus) over 24 months, and you’ll improve to a brand new telephone after you pay the equal of 12 months. When you’ve got an Apple Card, you too can pay for a brand new iPhone (and different Apple merchandise) utilizing Apple Card Month-to-month Installments.