Apple Plans 24- to 36-Month Device Leases as Prices Climb Past $4,100
Updated
Updated · Gizmodo · Jul 21
Apple Plans 24- to 36-Month Device Leases as Prices Climb Past $4,100
3 articles · Updated · Gizmodo · Jul 21
Summary
July 28 is the reported launch date for Apple Upgrade, a leasing program covering most iPhones and Apple Watches for 24 months and Macs and iPads for 36 months.
Klarna would handle payments, with customers able to pay off devices early, buy them at lease end, or upgrade—terms Bloomberg says should cost less upfront than current financing.
Leased devices would leave users without ownership at the start and, according to the report, without AppleCare eligibility, a key tradeoff for lower monthly costs.
Apple is pursuing the program after recent price hikes pushed high-end models to $2,500 for an M4 Max Mac Studio and $4,100 for an M5 Max MacBook Pro, with a folding iPhone seen above $2,400.