Business · 12h ago
Apple rules out device lockdown for missed Upgrade payments
Apple confirmed it will not restrict device functionality for customers who miss payments on its iPhone Upgrade Program. The company stated there will be no 'restricted mode' or limitations due to default. This policy contrasts with some other device financing plans that lock devices upon nonpayment.
Meridian48 take
Apple's stance is consumer-friendly but raises questions about how it will recover losses from defaults without leveraging device lockdowns.
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The Verge
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