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Code in the iOS 27 beta reveals a system that could restrict financed iPhones after missed payments. A new "Restricted Mode" would block most apps, while a "Partner Finance Lock" prevents erasing or reselling the device. The feature follows reports of an upcoming "Apple Upgrade" leasing program.
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9to5Mac leads with the technical code discovery, while AppleInsider leads with the consumer consequence of device locking.
Summary by ByteBrief