<ul><li>Apple has decided to abandon its plans of offering the iPhone as a monthly subscription service.</li><li>The hardware subscription would have allowed customers to pay off a new phone or Apple device with monthly payments and potentially upgrade to a new device without changing the subscription fee.</li><li>The decision to cancel the hardware subscription is reportedly due to concerns about regulatory scrutiny and potential strain on Apple's relationships with carriers.</li><li>This move reflects Apple's retreat from the complications of financial services, as seen with the shutdown of Apple Pay Later and the search for a new partner for the Apple Card.</li></ul>

Apple is reportedly giving up on plans to turn the iPhone into a subscription

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