Apple has been working on an iPhone hardware subscription program for a while now. A release date for this service is still unknown.
, says that Apple is facing “engineering and technical seatbacks to launch this offering.”
According to him, launching this program has proven more difficult than expected. Currently, Apple is working on four financial offerings:Although Apple Pay Later is now beta testing by the company’s retailers, all the other services are nowhere near launch. When Gurman first reported on the iPhone hardware subscription program, he said Apple’s goal was to release it by the end of 2022 for the iPhone 14 announcement.
As for the iPhone subscription service, the goal for that program was to debut it in 2022 or 2023. It remained in development alongside the release of the iPhone 14 last year — which would have been an ideal time to launch it — but the service never appeared. It should still arrive eventually.
The biggest difference would be that the monthly charge wouldn’t be the cost of the device split over 12 or 24 months. Instead, Apple will come up with a new monthly fee. Depending on the customer’s chosen device, the fee will be higher or lower. Apple has also discussed allowing hardware subscribers to upgrade to newer models when they come out. Apple typically introduces a new iPhone, Apple Watch, and at least one iPad every year. This might simplify the upgrading process as well.
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