According to Bloomberg’s Mark Gurman, Apple is no longer developing a hardware subscription service for iPhones that would let subscribers upgrade devices every year. Gurman first reported Apple’s work on the service in 2022, noting it was delayed due to “software bugs and regulatory concerns.” The Verge reports: While the hardware subscription service apparently won’t see the light of day, Apple offers installment plans you can use to pay for an iPhone over time. The iPhone Upgrade Program spreads the payments of a loan for a new iPhone (and AppleCare Plus) over 24 months, and you can upgrade to a new phone after you pay the equivalent of 12 months. If you have an Apple Card, you can also pay for a new iPhone (and other Apple products) using Apple Card Monthly Installments.
