Apple Upgrade Trades Ownership for Lower Monthly Payments

Apple has launched Apple Upgrade, a new hardware leasing program in collaboration with Klarna, allowing U.S. residents to lease iPhones, iPads, Macs, and Apple Watches with monthly payments starting as low as $11.99. The program offers 12- or 24-month lease terms, with options to upgrade or return devices at the end. However, it comes with strict eligibility requirements, credit checks, damage fees, and excludes certain purchase plans. The article compares costs to the discontinued program, noting that while monthly payments are lower, AppleCare+ is not included, and full ownership is not guaranteed without additional fees. It highlights the complexity behind the seemingly simple pitch, making it relevant for tech consumers evaluating device financing options.