Apple Upgrade: Is Leasing Your Next iPhone Worth It?

Apple launched Apple Upgrade, a Klarna-backed leasing program for iPhone, iPad, Mac, and Apple Watch. Replacing the iPhone Upgrade Program, this service offers interest-free monthly payments, though AppleCare+ is no longer included. For example, an iPhone 17 Pro 256GB costs 45.99 monthly for 12 months. After the lease, users must return the device, upgrade to a newer model, or pay extra to buy the device outright, as the monthly payments do not cover the full cost.