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Apple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur Sales

Apple is reportedly partnering with Klarna to launch 'Upgrade,' a device leasing program designed to drive sales across its hardware lineup.

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281990Jul 21 19:29Jul 21 23:29 UTC

The brief

Apple plans to introduce a leasing program called 'Upgrade' available for iPhones, Macs, and iPads. According to Bloomberg, the initiative involves a partnership with Klarna and utilizes a lease-to-own pricing model to encourage more consumers to purchase devices.

Coverage from Reuters, The Verge, and Gizmodo emphasizes the program's goal of spurring sales, with Gizmodo noting the potential for leasing to address Mac RAM pricing. Concurrently, 9to5Mac reports that Apple is winding down its existing iPhone Upgrade Program.

Future developments depend on the formal rollout of the lease-to-own structure and the transition away from the previous iPhone Upgrade Program.

Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 1h ago.

Quick answers

Which devices are included in the 'Upgrade' program?

The program is rumored to cover iPhones, Macs, and iPads.

Who is Apple partnering with for this initiative?

Apple is partnering with Klarna.

What is happening to the existing iPhone Upgrade Program?

Reports indicate that Apple is winding down the current iPhone Upgrade Program.

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