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Apple debuting new ‘Apple Upgrade’ leasing program next week, per report
Apple is preparing to launch its 'Apple Upgrade' leasing program next week, allowing customers to lease devices such as iPhones, iPads, and Macs. This program, in partnership with Klarna, aims to ease the financial burden of upgraded devices amidst rising costs. Notably, it will replace the existing iPhone Upgrade Program, indicating a strategic shift in how Apple sells its products. Customers will have options to pay off, upgrade, or return devices at the end of their leasing terms.
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Published 21 Jul 2026, 16:30 UTC1 min read
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Summary
TL;DR
- New 'Apple Upgrade' leasing program launching on July 28.
- Program allows leasing of iPhones, iPads, Macs, and Apple Watches.
- Partnership with Klarna to facilitate leasing options.
- Discontinuation of new signups for the iPhone Upgrade Program.
- Customers can pay off devices early or upgrade during the term.
Interesting facts
- Leasing terms vary: iPhones and Watches for 24 months, Macs for 36 months.
- Certain models, including iPhone 16 and Apple Watch SE, are not eligible.
- Apple raised device prices recently, making leasing a more attractive option.