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description: Apple has launched a new device leasing program called 'Upgrade' in partnership with Klarna. Eligible U.S. customers can lease iPhones, Apple Watches, Macs,...
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# Apple launches ‘Upgrade’ device leasing program in partnership with Klarna

**[TechCrunch](https://daily.dev/sources/tc)** · 2 min read · 0 upvotes · 0 comments

## Summary

Apple has launched a new device leasing program called 'Upgrade' in partnership with Klarna. Eligible U.S. customers can lease iPhones, Apple Watches, Macs, and iPads through monthly installments starting at $11.99/month. Lease terms range from one to three years depending on the device, and at the end of the term customers can upgrade, buy, or return their device. The program appears to be Apple's response to recent price hikes driven by an industry-wide memory chip shortage. Apple is discontinuing its existing iPhone Upgrade Program and iPhone Payments in favor of this Klarna-powered offering. Customers can reduce payments by trading in existing devices and earn 3% Daily Cash back when paying with Apple Card.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2026/07/28/apple-launches-upgrade-device-leasing-program-in-partnership-with-klarna>

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