• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Apple discontinues iPhone hardware subscription project

by December 19, 2024
written by December 19, 2024

Investing.com — Apple Inc (NASDAQ:AAPL). has terminated its project to develop an iPhone hardware subscription service, according to sources close to the matter. The service aimed to let consumers pay monthly fees and receive new phones annually, much like a subscription to an app. However, the company recently decided to end this effort, and the team responsible for the project has been reassigned to other tasks.

This decision is part of a larger change in Apple’s approach to payment services. The subscription project was managed by the company’s Apple Pay group, which also closed a “buy now, pay later” program earlier this year. This program allowed shoppers to pay for purchases over several installments. Now, Apple is directing customers towards third-party programs instead.

The iPhone subscription service was first reported by Bloomberg News in 2022, and it was scheduled to launch by the end of that year. However, the launch was delayed to 2023 and further due to several challenges including software glitches and regulatory issues. The company’s top executives had returned the project for revision before it was ultimately abandoned. An Apple representative, based in Cupertino, California, refused to comment on the matter.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
UnitedHealth executive murder suspect to appear in court over New York extradition
next post
Putin ready for talks with incoming US President Trump

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Sweden stocks higher at close of trade; OMX Stockholm 30 up 0.10%
    • Exclusive-Gazprom 2025 plan assumes no more transit via Ukraine to Europe, source says

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy