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Technology — Business

Apple Partners With Klarna For Monthly Device Leasing

The report said AppleCare+ is no longer bundled with the financing plan and must be purchased separately. Customers will also manage their leases through the Klarna app.

,   and  TIPP Staff
2 min read
Apple Launches 'Apple Upgrade' Device Leasing Program With Klarna. Pic via(@Newsweek)

Apple has launched a new "Apple Upgrade" leasing program in the United States through a partnership with digital payments provider Klarna, offering customers monthly payment options for iPhones, Apple Watches, iPads, and Mac computers.

According to the company, lease terms range from 12 to 36 months, with monthly payments starting at $11.99 for Apple Watches and iPads, $17.99 for iPhones, and $24.99 for Macs.

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The launch follows Apple's decision to discontinue its in-house financing programs as it contends with rising hardware costs and recent price increases for several Mac and iPad models.

The report said AppleCare+ is no longer bundled with the financing plan and must be purchased separately. Customers will also manage their leases through the Klarna app.

At the end of the lease, users can return the device, buy it through a one-time payment, or upgrade to a newer model. If no action is taken, the lease automatically shifts to a month-to-month arrangement for up to six months.

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