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Apple Retires iPhone Upgrade Program for Klarna-Backed Leases
MacRumors • • technology
Key Points:
- Apple has launched Apple Upgrade, a new U.S. leasing program for iPhone, iPad, Mac, and Apple Watch, replacing the previous iPhone Upgrade Program and iPhone Payments, in partnership with Klarna.
- The program offers lower base monthly prices starting at $11.99 for Apple Watch and iPad, $17.99 for iPhones, and $24.99 for Macs, with 12- to 36-month lease options depending on the device.
- iPhone leases require a plan from AT&T, Verizon, or T-Mobile, but devices are unlocked; prepaid and MVNO plans are not supported. Customers can return, purchase, or upgrade devices at lease end.
- Apple Upgrade excludes certain devices like iPhone 16 models, Apple Watch SE, MacBook Neo, and refurbished products, and cannot be combined with EDU discounts or certain purchase programs.
- Early lease termination incurs fees equal to remaining payments, and damage or loss fees apply; missed payments are rolled over without late fees, but three missed payments end the lease requiring full balance payment minus device value.
