Initial reports suggested the service would launch around the time of the iPhone 14, but Gurman claims ... This allows you to pay off your iPhone in monthly instalments, and to optionally upgrade ...

And then, there's also installments through Apple Card, and the iPhone Upgrade Program. Both existing monthly payment programs that Apple facilitates are still running and aren't expected to stop.

Apple is no longer planning to launch a hardware subscription service that would let customers "subscribe" to get a new iPhone each ...

Currently, Apple's iPhone Upgrade Program lets customers spread payments over one or two years, differing from the subscription model's proposed fixed monthly fee.