Sources: Apple has halted work on a project to build an iPhone hardware subscription service, which had been in development since around 2022 (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg:
Sources: Apple has halted work on a project to build an iPhone hardware subscription service, which had been in development since around 2022  —  – Much-delayed program had been in development since around 2022  — Company also shut down Pay Later offering earlier this year