Apple U.S. kicks off device leasing program in collaboration with Klarna
Apple has launched a new device leasing program in the U.S. in partnership with Klarna, replacing its previous upgrade and payment plans. The program allows customers to lease various Apple products with monthly payments and soft credit checks.
Why it matters
This move expands Apple's financial services footprint and lowers the barrier to entry for consumers to access high-end hardware through flexible payment structures.
Applicants will undergo a soft credit check by Klarna that will not affect their credit score, Apple said. Dado Ruvic/Reuters
Apple AAPL-Q on Tuesday launched a device leasing program in the U.S. through payments firm Klarna KLAR-N , offering customers monthly plans for iPhones, Macs, iPads and Apple Watches.
The program, called Apple Upgrade, expands the technology giant’s payment options and replaces its existing iPhone Upgrade Program and iPhone Payments offering in the country.
Customers can lease iPhones and Apple Watches for 12 or 24 months, while Macs and iPads are available under 24- or 36-month plans, Apple said.
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