Apple Upgrade Leasing Program Launches In The US
Backed by Klarna, the lease program offers monthly payments and early upgrade options as Apple replaces new signups for its long-running financing plan.
- On Tuesday, July 28, Apple will launch its new Apple Upgrade program in the United States, replacing new enrollments for the existing iPhone Upgrade Program.
- Backed by Klarna, the program requires a soft credit check and offers 24-month leases for iPhones and Apple Watches, while Macs and iPads feature 36-month terms.
- Unlike the previous program, AppleCare is not included in these leases, and specific devices including the iPhone 16, Apple Watch SE, and MacBook Neo are excluded from eligibility.
- While Apple will stop accepting new iPhone Upgrade Program sign-ups, existing customers may remain "for the time being," retaining options to return, upgrade, or keep their devices.
- The launch follows recent price increases across Apple's hardware lineup; while the program lowers upfront costs, it raises questions about long-term ownership as users may need to return devices.
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Apple has launched a device rental service in the U.S. that allows users to rent iPhones, iPads, Macs, and Apple Watches for a monthly fee. This is interpreted as a strategy to reduce the burden on consumers caused by rising product prices and maintain replacement demand. Apple announced on the 28th (local time) that it had launched "Apple Upgrade" in partnership with payment provider Klarna. iPhones and Apple Watches are available for 12 or 24 …
After Raising Prices, Apple Unveils Leasing Program
Apple is rolling out a new way to get its gadgets that looks a lot more like renting than owning. The company on Tuesday unveiled "Upgrade," a leasing program that lets US customers pay monthly for iPhones and other devices through buy-now-pay-later firm Klarna, with iPhone leases starting at $17....
The service debuts in the United States; it replaces the current iPhone funding plans and seeks to boost equipment renewal using a model similar to car leasing
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