Apple Ends Development of iPhone Hardware Subscription Service

The planned program to offer iPhones through a monthly subscription model has been canceled due to regulatory concerns and technical challenges.

Apple's proposed iPhone hardware subscription service, first rumored in 2022, has been officially canceled after years of delays and setbacks.
The service would have allowed users to pay a monthly fee to access an iPhone and upgrade to a new model annually, without owning the device outright.
Regulatory concerns, including scrutiny from the Consumer Financial Protection Bureau, and software issues were key factors in the decision to abandon the program.
The development team for the subscription service has been reassigned to other projects, signaling the complete halt of the initiative.
Apple continues to offer existing financing options, such as the iPhone Upgrade Program and Apple Card Monthly Installments, which differ from the canceled subscription model.