Apple To Launch Klarna-Backed Device Leasing Program July 28
Apple will end new enrollments for its current iPhone financing and offer lease terms of 24 to 36 months through Klarna.
- On July 28, Apple will launch Apple Upgrade, a Klarna-backed leasing program designed to boost hardware sales by offering customers a new way to acquire iPhones, Macs, iPads, and Apple Watches.
- Apple recently hiked prices across its most expensive devices, including Macs, responding to a global memory chip shortage that has driven component costs sharply higher and rendered premium hardware unaffordable for many buyers.
- Leases for Macs will run for 36 months, while The Apple Watch follows 24-month terms; the program requires a soft credit check through Klarna but excludes AppleCare coverage.
- Mark Gurman reported that Apple will discontinue new enrollments for its existing Upgrade Program and standard financing options. The company intends to market the new service as offering lower monthly payments than current plans.
- Customers should note that leasing means they will not own their devices; not every Apple device will be eligible, as the program excludes Business and education purchases.
76 Articles
76 Articles
You will launch Apple Upgrade, a monthly fee-based program to access your devices. It will include most of the Macs, iPads, and Apple Watch, as well as your phone.
Apple is preparing a major change in how to access your devices. The company is working on a program called Apple Upgrade, which would allow you to use an iPhone, iPad, Mac or Apple Watch through monthly fees without the computer becoming the user's property from the start.
The RAM crisis just forced Framework into a nasty price hike — and Apple's rumored solution to the memory crunch is renting Macs to cash-strapped consumers
Apple is rumored to be planning to rent Macs, as well as iPhones and other devices, to consumers'Apple Upgrade' will allow you to pay via a subscription (with financing handled by Klarna), and buy the device eventually if you wishThis is seemingly Apple's way of sidestepping the RAM crisis and keeping Mac sales going, as we're also hearing about frightening memory price hikes from FrameworkWe're seeing the continued fallout from the RAM crisis, …
Cannot afford an iPhone or MacBook? Apple may soon let you rent one for up to 3 years
Apple is reportedly preparing to introduce a new device leasing programme called Apple Upgrade, allowing customers to use products such as the iPhone, Mac, iPad and Apple Watch through affordable monthly payments instead of purchasing them outright.
Apple's upcoming leasing program may come with a big caveat
A program rumored to launch as soon as next week will allow customers to lease Apple hardware, but financing companies can lock down those devices for missed payments. The Apple Upgrade program will provide 12- to 36-month leases on iPhones, iPads, and iMacs, but may also mean giving up control of your device. — Read the rest The post Apple's upcoming leasing program may come with a big caveat appeared first on Boing Boing.
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