Apple Partners with Klarna to Launch Device Leasing Program in U.S., Replacing iPhone Upgrade Program
📱 On July 28, 2026, Apple launched the Apple Upgrade program in the USA, replacing the iPhone Upgrade Program. Partnering with Klarna, consumers lease iPhones, Macs, iPads, or Apple Watches for 12–36 months. Initial monthly pricing starts at $17.99. The program precedes a $2,000 foldable iPhone launch amid a memory-chip shortage. Apple's model converts hardware costs into subscriptions, akin to SaaS models, shifting financial risks while potentially influencing consumer refresh cycles and future enterprise applications.
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