Apple Introduces Apple Upgrade Leasing With Klarna, Replacing iPhone Upgrade Program
Jul 28, 2026, 8:21 AM EDT6 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Expanded financing options can lift unit sales and Apple Card spend, supporting gross margins and services/financing growth; historical parallels include promotions that broaden device penetration and attach rates.
AI summary
What happened, with direct paths to the underlying reporting
Apple unveiled Apple Upgrade, a Klarna-backed leasing program for iPhone, Watch, Mac, and iPad in the U.S. It offers 12– and 24-month leases for iPhone/Watch and 24–/36-month leases for Mac/iPad, with trade-ins and 3% Apple Card Daily Cash. This replaces the iPhone Upgrade Program and could boost device penetration and Apple Card usage.
Apple launches Apple Upgrade leasing for iPhone, Watch, Mac, iPad.
Leasing options include 12/24 months for iPhone/Watch and 24/36 months for Mac/iPad.
Monthly payments start at $17.99 for iPhone; $11.99 for Watch.
Trade-in lowers payments; Apple Card gives 3% Daily Cash.
Apple Upgrade replaces the iPhone Upgrade Program for eligible customers.
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