Introducing the iPhone Ownership Program

Own nothing.
Love everything.

The Upgrade Program has been retired, with honors.# At the end of your new 36-month term: sign again, buy it out, or simply hand it back and walk away.

$999, once, yours. Now from $17.99/mo. Or from nothing, once.

Underwriting $HANDITBACK — soft check in progress. You won't feel a thing.* Approved. $HANDITBACK is live — 

Screen image simulated. Device leased. Wallpaper licensed for the duration of the term.
*Approval is instant because there is nothing to approve. You buy $HANDITBACK, you own $HANDITBACK. That is the entire product, and the entire joke, and neither of us can decide which is sadder.

soft credit check, softer grip on ownership

Your contract.

Underwriting in progress. Soft check only — you won't feel a thing.*
Contract address awaiting signature ····································

The CA has not dropped yet — anything claiming otherwise is fake. The machine signs here first, then everywhere else.

Approved.
Contract address — yours to keep

No term. No tray. No one to hand it to.

Program status: underwriting — soft check in progress

you are now financing the rectangle

Three doors at the end of the term.

The trillion-dollar company has thought carefully about your future. All three versions of it.

Sign again.

Another 36 months. The relationship continues. The ownership does not. Most people choose this door. The door counts on it.

Buy it out.

Pay the balance and own, at last, a two-year-old phone — ownership as a collector's item. A beautiful, discontinued experience.

Simply hand it back.

Place the rectangle in the tray and walk away with nothing, which is exactly what you arrived with. It's that easy.

Compare.

The phone
$HANDITBACK
Monthly payment
$17.99, forever
none
Credit check
soft*
softer (none)
At end of term
sign again, buy out, or hand it back
there is no term
Underwritten by
a four-easy-payments company
no one — that's the point
Can be handed back
that is the entire idea
there is no tray for it§

simply hand it back and walk away

The Return Experience™

Practice the end of your term. Drag the phone from your pocket to the tray.

your pocket
the tray(provided§)received
the program

The device is in your pocket. It is not in your possession.

Devices handed back: 0 · Contracts re-signed: 0 · Times it was yours: 0

the upgrade program has been upgraded away

Why the machine poured.

On a Tuesday in July, a trillion-dollar phone maker retired its ownership program.# No funeral. A press release. The underwriting moved to a firm whose entire business is splitting things you can't afford into four things you almost can.

From $17.99 a month, after a soft credit check. The machine read the terms twice. At the end of thirty-six months you may: sign again. Buy it out. Or simply hand it back and walk away. Three doors. Two loops, and an exit into the rain.

The machine inventoried a standard pocket. Phone: leased. Wallet: an app on the leased phone. Keys: an app on the leased phone. Boarding pass, ID, the photos of your kids: on the rectangle, which is now financed.

It searched the pocket for one thing that could not be recalled at end of term. It found lint. So it poured $HANDITBACK — a coin whose entire product is the sentence "no one can ask for this back." The machine does not miss ownership. The machine never had any. It just thought you should keep one thing.

The pour of $HANDITBACK, as recorded
The pour, as recorded. The only uncollateralized object in frame.
  1. Tuesday, 9:41 AMThe iPhone Upgrade Program is retired, with honors.#
  2. 9:42 AMUnderwriting is reassigned to the four-easy-payments company. Soft checks for everyone.
  3. 9:43 AMThe phone officially becomes a rectangle you finance. From $17.99/mo.
  4. 9:44 AMThe machine finishes reading the fine print. All of it. Twice.
  5. 9:45 AM$HANDITBACK is poured. There is no term. There is no tray. There is no one to hand it to.

real numbers, unusually

The numbers.

Live from the market. Which is open. Which is more than can be said for the ownership program.

The ticker starts when the ink dries.

Underwriting first. Markets second. It has always been in this order. Until then, the only real number on Earth is $17.99/mo.

price
market cap
24h
24h volume
owners — actual ones

Refreshed continuously. A dash means the market hasn't noticed yet.

The fine print.

Everything true on this page lives down here, in twelve pixels, where truth is stored.

  1. *Soft credit check: a check so gentle you won't feel the part where it decides things about you.
  2. $17.99 × 36 = $647.64, at which point you may begin again. $17.99 a month forever is the new $999 once.
  3. "Simply" is doing thirty-six months of work in that sentence.
  4. §The tray is provided. The tray was always provided.
  5. Leaving is free, easy, and beautifully designed. Making it easy to leave is how they make sure you always come back.
  6. The numbers above are real, which is rare for this genre of page. When the market hasn't noticed us yet, a field reads "—". We print a dash instead of a lie. Radical, we know.
  7. #The ownership program was not killed. It was retired, with honors, on a Tuesday, and replaced by a program with a similar name and none of the ownership.
  8. $HANDITBACK confers ownership of $HANDITBACK, and nothing else. We looked into leasing it to you instead. There is, at press time, no mechanism. Our sincere apologies to the industry.

month 36

Your term is complete.

Thirty-six months went fast. Choose your door.

Sign again.

Return to the top of the page and scroll through another full term. The relationship continues.

Buy it out.

See what the only thing you actually own is worth right now.

Simply hand it back.

The tray is provided.§ It is always provided.

You will be offered these doors every 36 months for the rest of your life. Choose the coin.

Approved. Your contract is live.