All articles tagged with #iphone leasing
Apple’s new Upgrade program requires iPhone lessees to connect to AT&T, T-Mobile, or Verizon at enrollment, a condition driven by multi-million dollar carrier deals and fraud prevention. While the phones remain unlocked for later switching, this restriction contrasts with the broader industry shift toward leasing models aimed at retaining customers amid lengthening replacement cycles.
Apple has launched 'Apple Upgrade,' a leasing program for iPhones, Macs, iPads, and Apple Watches in the US, facilitated by Klarna. The program offers 12- to 36-month terms with monthly payments starting at $17.99 for iPhones and $11.99 for watches. It replaces the previous installment plan, requiring a residual payment at the end of the term rather than full ownership. Analysts suggest this strategy helps Apple maintain upgrade cycles despite rising device prices and memory shortages, though critics warn it may increase long-term consumer costs.