Apple Introduces iPhone Leasing With Klarna to Lower Monthly Costs

Apple launches Apple Upgrade, a Klarna-backed leasing plan that lets customers lease iPhones (and other devices) for lower monthly payments instead of buying. Base iPhone 17e starts at $17.99/month (vs $24.95/month to own); iPhones and Watches can be leased for 1–2 years, Macs and iPads for 2–3 years, with top models like a 17 Pro Max 2TB around $58.43/month. At lease end you can return the device or pay to keep it; Apple will recycle or resell based on condition. The program replaces the US $42/month upgrade plan, uses soft credit checks, and does not include AppleCare in base prices. It’s appealing for frequent upgraders but may not suit long-term owners, and prices may rise with new models in September.