Apple Launches "Apple Upgrade" Device Leasing Program in the US, Starting at $17.99/month for iPhone

Apple announced the launch of the "Apple Upgrade" device leasing program in the United States, with Klarna providing leasing services for iPhones, Apple Watches, Macs, and iPads. iPhones and Apple Watches offer 12-month and 24-month lease terms, while Macs and iPads offer 24-month and 36-month lease terms. Monthly rental prices start at $17.99 for iPhones, $11.99 for Apple Watches, $24.99 for Macs, and $11.99 for iPads. The program replaces one-time purchases or traditional installments with monthly leasing. Users can choose to return, renew, or upgrade their devices after the lease term expires. Apple is simultaneously discontinuing its original iPhone Upgrade Program and iPhone Payments services in the United States.