Apple launches ‘Upgrade’ device leasing program in partnership with Klarna

Core Impact Points

• The program is available for iPhone, Apple Watch, Mac, and iPad on the Apple Store online, in the Apple Store app, and at Apple Store locations in the US.
• Leasing prices start at $17.99 per month for iPhone, $11.99 per month for Apple Watch, $24.99 per month for Mac, and $11.99 per month for iPad.
• At the end of the lease term, customers can upgrade to the latest generation of their device, purchase their current device with a one-time payment, or return it and exit the program.
• Apple is discontinuing its existing in-house financing and installment programs in the US, including the iPhone Upgrade Program and iPhone Payments.
• Customers can lower their monthly lease payments by trading in their existing device through Apple's Trade In program and earn 3% Daily Cash back when using Apple Card to make lease payments.