Apple is launching a Klarna-backed device leasing program called Apple Upgrade on July 28
TL;DR
Apple is launching Apple Upgrade on July 28, a Klarna-backed leasing program for iPhones, Macs, iPads, and Apple Watches that replaces its current financing.
Apple is preparing to launch Apple Upgrade, a device leasing program backed by Klarna that will mark one of the biggest changes to how the company sells hardware, Bloomberg reported on Monday. The service is planned to go live on July 28 and will support most iPhone, Mac, iPad, and Apple Watch models, according to people familiar with the matter cited by Bloomberg. Apple declined to comment, and Klarna did not immediately respond to a request for comment.
The program works like a car lease. Customers can pay off the device early, upgrade to a new model before the term ends, or return the device when the lease is up, with some of those transactions carrying an additional fee. iPhone and Apple Watch leases will...
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