Apple Upgrade Lease Program May Cover iPhones and Macs

Apple Upgrade Lease Program May Cover iPhones and Macs

Apple is reportedly preparing a new lease-to-own program called Apple Upgrade in partnership with Klarna. The program could allow customers to pay for iPhones, iPads, Macs, and Apple Watches over periods of up to 24 or 36 months, with options to keep, return, or upgrade their devices. According to information reported by Bloomberg, Apple Upgrade is expected to launch on July 28, 2026. The reported program would broaden Apple's existing iPhone Upgrade approach into a financing and device-access model covering several product categories. The timing matters because Apple is facing higher hardware costs linked to an industry-wide memory chip shortage. A monthly payment model could make more expensive devices easier for consumers to afford, but it could also change how Apple sells hardware in a way that prioritizes continuous upgrades over outright ownership. What Apple Upgrade is reportedly expected to offer The reported Apple Upgrade program would use a lease-to-own structure rather than…