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Report: New Apple Leasing Program Has a Big Catch
Newser • • technology
Key Points:
- Apple plans to launch a device-leasing program called Apple Upgrade next week, covering most iPhone, Mac, iPad, and Apple Watch models, managed by payment company Klarna.
- The program includes a new "App Managed Features" system that can remotely block nearly all apps if users miss payments, leaving only nine essential apps functional in a Restricted mode.
- Despite apps being blocked, subscriptions would still be billed, and safeguards will prevent factory resets or resales while devices are locked.
- Apple Upgrade operates more like a long-term lease than a purchase, lacks AppleCare tech support and device replacement, and offers an option for early payoff.
- The program is set to launch on July 28, shortly after Apple increased prices for iPads and MacBooks.
