Apple Upgrade now lets you lease iPhones, iPads, Macs, and Watches, starting at $18/month

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What just happened? Apple has announced a new financing program called Apple Upgrade that offers eligible customers the option to lease its iPhones, Macs, Apple Watches, and other products instead of buying them outright. The program is available in the US through physical Apple Stores, as well as the Apple Store mobile app and website.

Apple Upgrade is being launched in partnership with digital financial services provider Klarna, known for its "buy now, pay later" interest-free credit. The new program replaces the iPhone Upgrade Program - a 0% APR financing plan that allowed consumers to buy a new iPhone every year, bundled with AppleCare+.

The new scheme offers 12- and 24-month leases for iPhones and Apple Watches, while Macs and iPads can be leased for 24 or 36 months. Apple says users will...

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