Overview
- Apple launched Apple Upgrade Tuesday, July 28, replacing its iPhone Upgrade Program and offering Klarna‑managed leases for iPhone, Apple Watch, Mac and iPad in the United States.
- Leases run 12 or 24 months for iPhone and Watch and 24 or 36 months for Mac and iPad, with starting monthly prices of $17.99 for iPhone, $11.99 for Watch and iPad, and $24.99 for Mac.
- Enrollment uses a Klarna app with a soft credit check and quick approvals, and customers who pay with an Apple Card earn 3 percent Daily Cash on monthly instalments.
- Leased devices remain Apple property during the term, customers must return, upgrade, or pay a lump sum to keep devices, and early termination or damage, loss, or nonpayment can trigger fees while insurance is not bundled.
- The program launches after recent Mac and iPad price increases and ahead of Apple’s September hardware cycle, prompting questions from repair advocates and consumer groups about total cost, ownership loss, and longer‑term consumer protections.