Loading…
5 sources·Started 6d ago·Updated 6d ago
Apple reportedly launching Apple Upgrade leasing program with Klarna on July 28
AppleKlarnaApple UpgradeiPhoneMaciPadApple WatchMark Gurman
Sources
5outlets
THENGITVTE
Coverage
7articles
Apple is reportedly launching a new device leasing program called Apple Upgrade on July 28, partnering with Klarna to offer flexible payment options for iPhones, Macs, iPads, and Apple Watches Source: Tom's Hardware. The program is designed to mitigate the impact of recent price hikes across Apple's product line, driven by rising component and memory costs Source: Gizmodo.
Program details
Apple Upgrade will offer 24-month leases for iPhones and Apple Watches and 36-month leases for Macs and iPads Source: Engadget. Customers can choose to upgrade to a new device early, keep the device at the end of the lease after a residual payment, or return it. A soft credit check is required, and Klarna will handle the financing Source: TechCrunch. However, budget models like the base iPad, iPhone 16, Apple Watch SE, and MacBook Neo will not be eligible Source: The Verge.
Key differences from existing programs
The new program will eventually replace Apple's current iPhone Upgrade Program and standard Apple Card financing, with no new enrollments for those options Source: Bloomberg, via multiple outlets. Notably, Apple Upgrade does not include AppleCare+, which has also seen price increases Source: Gizmodo.
Availability
Apple Upgrade will initially be available in the United States at Apple Stores and online. It remains unclear if or when it will expand to other markets Source: Engadget.
Story timeline · 3 earlier headlines
- Apple reportedly launches 'Apple Upgrade' device subscription with Klarna on July 286d ago · 4 sources
- Apple to Launch Device Subscription Service 'Apple Upgrade' Next Week6d ago · 3 sources
- Apple Set to Launch Device Lease Program 'Apple Upgrade' on July 28 with Klarna6d ago · 4 sources
- Apple reportedly launching Apple Upgrade leasing program with Klarna on July 28current
Sources
5 quotesTom's Hardware↗
“According to a new Bloomberg report, the program is called 'Apple Upgrade' and will allow you to lease a midrange or high-end device for up to 36 months, at the end of which you can choose to keep it. Apple is purportedly partnering with Klarna on the service.”
Engadget↗
“Apple may be about to revive a plan to offer its devices through a subscription program. ... The company is teaming up with Klarna for the Apple Upgrade program.”
Gizmodo↗
“Bloomberg’s Apple leaker-in-chief, Mark Gurman, reported Tuesday that the company is responding to rising costs with a so-called 'Apple Upgrade' program. ... Gurman further claims, based on his slate of anonymous sources, that users will be able to pay off their device early, buy it at the end of the lease period, or upgrade to a newer model.”
The Verge↗
“Apple Upgrade is reportedly slated to launch on July 28th, replacing the current iPhone Upgrade Program and standard financing for new iPhones ... Budget devices like the base iPad, iPhone 16, Apple Watch SE, and fast-selling MacBook Neo will reportedly not be eligible.”
TechCrunch↗
“Apple is reportedly teaming up with deferred payment processor Klarna to launch a new lease-to-own program for its devices. ... The report notes vaguely that, in some cases, 'transactions will incur an additional fee.'”