Apple has abandoned plans for an iPhone hardware subscription service after facing several setbacks including software bugs and regulatory concerns. The company's team responsible for the project has been disbanded.
Apple has abandoned plans for an iPhone hardware subscription service, according to people familiar with the matter. The company was working on a program that would have allowed customers to pay monthly fees for access to a new iPhone each year, similar to an app subscription. However, the project was recently shut down after facing several setbacks, including software bugs and regulatory concerns.
Apple's team responsible for the subscription service has been disbanded and reassigned to other projects. This move reflects a broader shift in Apple's approach to payment services, as the company has also discontinued its 'buy now, pay later' program earlier this year, directing consumers towards third-party options instead. The iPhone subscription service was initially slated to launch in 2022 but was repeatedly delayed until ultimately scrapped. Apple had hoped the subscription model would boost iPhone sales and generate consistent revenue, as the device is the company's most profitable product, accounting for over half of its annual sales. The company also aimed to further entrench users within its ecosystem. Under the proposed model, customers would have paid a monthly fee, similar to app subscriptions, and received a new iPhone annually
APPLE IPHONE SUBSCRIPTION HARDWARE PAYMENT SERVICES
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What the heck is going on with the new ChatGPT subscription?The new ChatGPT subscription tier has us scratching our heads. Why is it so expensive? Is it even worth it for the price?
Read more »
ChatGPT adds R3,600 per month subscriptionOpenAI is introducing a higher-priced paid tier for its chatbot ChatGPT that includes unlimited access to its most powerful artificial intelligence models.
Read more »
Avoiding Upfront Costs in Solar Energy: Risks of Subscription ServicesExploring solar energy options without upfront costs may seem appealing, but subscription solar services often come with hidden fees and financial risks. Teresa Kok, director of a relevant organization, explains that opting for solar-as-a-service or rental means you never own the system, leading to potential financial pitfalls.
Read more »
Rain founders secretly launch new companySeveral of Rain’s founders have quietly launched a Singapore-based 5G hardware company called RainX.
Read more »
Ukraine parliament cancels session over threat of Russian attackUkraine shutters parliament, citing missile threats, after Russia escalates with a nuclear-capable missile launch on Dnipro.
Read more »
Top ICT tenders: Eskom cancels ‘mission-critical’ billing system tenderThe envisioned upgrades were expected to deliver new functionality, improved ease-of-use and enhanced debt management.
Read more »