Apple Launches Hardware Rental Plan 'Apple Upgrade' with Klarna
On July 28, 2026, Apple launched the 'Apple Upgrade' hardware rental program in the United States in partnership with buy-now-pay-later provider Klarna. The plan covers iPhone, Apple Watch, Mac, and iPad at Apple retail and online stores, with terms from 12 to 36 months after a soft credit check. Monthly rentals start at $17.99 for iPhone, $11.99 for Apple Watch, $24.99 for MacBook Air, and $11.99 for iPad Air. Unlocked iPhone 17 Pro costs $31.99 per month over two years or $45.99 over one year. No deposit is required, and Klarna does not charge late fees, but contracts are terminated after three consecutive missed payments. Apple is discontinuing the iPhone Upgrade Program and migrating existing users to the new plan.
- Effective
- 0
- Intensity
- 30
- Confidence
- 50%
- Horizon
- Medium term