Apple introduced 'Apple Upgrade,' a new hardware leasing service in partnership with Klarna offering monthly subscriptions for iPhones, Apple Watches, Macs, and iPads starting at $11.99–$24.99. The program replaces Apple's 2015 iPhone Upgrade Program and provides 24- and 36-month lease options.
Apple announced an iPhone leasing option at $17.99 per month for up to two years through a partnership with Klarna as of 28 July 2026. The programme comes weeks after the company raised prices for iPads and Macs due to global memory shortages.