SGOn July 28, Apple introduced a new device leasing program in the United States through Klarna, allowing customers to lease iPhones, Macs, iPads, and Apple Watches with monthly payment plans. The program, named 'Apple Upgrade,' replaces previous payment options like the iPhone Upgrade Program and iPhone Payments. Leasing terms vary by device, with monthly payments starting at $17.99 for an iPhone, $11.99 for an Apple Watch or iPad, and $24.99 for a Mac. Customers can trade in existing devices to lower payments and receive cashback using an Apple Card. At the end of the lease, they can return the device, make a one-time purchase, or upgrade to a newer model. Existing users of the iPhone Upgrade Program can transition to this new leasing option.
Bias read (Center): The article presents factual information about a business initiative by Apple, which is a private company. While the introduction of new financial services could have broader economic implications, the article does not take a clear ideological stance or frame the issue in a politically charged way.
