Apple Upgrade program is coming next week with up to 36-month payment plans

According to a new report from Bloomberg, Apple is planning to launch a new device leasing program in partnership with Klarna. It will be called Apple Upgrade and will require a soft credit check. It will apparently work like a subscription, with iPhone and Apple Watch leases running for 24 months and iPad and Mac leases running for 36 months. TheApple Watch SE, thebase iPad, theiPhone 16, and theMacBook Neowill be excluded from the program. You will be able to pay off the device early and upgrade early to a new model, as well as decide whether to return or keep the device at the end of the lease.

Apple Upgrade will not include AppleCare, unlike the existing iPhone Upgrade Program. Speaking of which, Apple allegedly plans to discontinue the iPhone Upgrade Program when Apple Upgrade launches on July 28. This comes about a month afterApple raised pricesfor all of its devices except iPhones. Thus, the Apple Upgrade program is probably meant to help people keep purchasing its wares even in light of that. Source