Yes, but that was also said about Adobe and the Creative Cloud and still everyone went out and signed straight up for it.
Not everyone went out and signed up for it.
Attentive readers may recall that something someone said reminded me that I should transfer my Acrobat (Writer) 8 license to my new Win10 PC.
So it was a fully paid-for copy of Acrobat 8, none of this cloud nonsense (because it came before Adobe succumbed to that particular madness), but of course it's so old that (a) it's no longer supported at all, and (b) apparently it's less than 100% functional on Win10, but not supported so there's no way it will ever be fixed.
What about an upgrade? Er... Um... Well, no, there's no way to license an up-to-date version of Acrobat on a one-off payment basis. There's no Adobe equivalent of the Office 2016 side of the 2016-vs-365 debate. It's *all* subscription.(1)
So, given that the reasons I got it in the first place are no longer relevant, the new PC is and will remain stubbornly devoid of Acrobat.
(1) The first time I saw a price for subscription-based software was 1987. I saw a price list for software licenses for IBM mainframes (the company I worked for had a big room full of large computers, including a 4381, some Vaxen, a Wang, a DG, and a variety of other now-extinct beasties).
Lotus 1-2-3's mainframe version(2) was priced at $11000 a month. Yes. eleven thousand a *month*.
(2) Yes, there was one. I didn't see it in action, but it did exist.