Apple Customers In The US Can Now Lease iPhones, iPads And Macs
Apple has launched a new leasing program in the US for iPhones, iPads, and Macs, partnering with Klarna to offer flexible payment options. This move follows recent price hikes driven by increased memory chip costs and the AI industry boom.
Why it matters
The shift toward leasing models reflects changing consumer purchasing power and the rising costs of high-end hardware in the AI era.
Apple customers in the US will now be able to lease iPhones and other devices instead of buying them outright. The new program by the tech giant comes almost a month after Apple hiked prices of several products like iPads and Macs by $100 to $500.The new initiative by Apple is linked to rising memory chip costs and the AI boom, which have led to a jump in the price of electronic devices. The company has partnered with Klarna, which offers "buy now, pay later" services, for the venture, as per The Washington Post. The lease program, called Upgrade, requires a soft credit check. The lease can be availed in stores or online.Under the program, Apple Watches and iPhones can be leased on a 12- or 24-month basis. Macs and iPads will have a longer lease term, lasting either 24 or 36 months.
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