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An article analyzing the potential downsides of Apple's Upgrade Program, which leases devices with monthly payments and no interest, but warns about debt collection risks and contractual obligations.
Apple confirms it will not enable a 'restricted mode' on devices leased through its Upgrade program if payments are missed, despite earlier code hints in iOS 27 beta suggesting such a feature.
Apple has launched a new leasing program called Apple Upgrade, allowing customers to lease iPhones, Macs, iPads, and Apple Watches with options to upgrade, purchase, or return at the end of the term, replacing the previous iPhone Upgrade Program.
Apple is reportedly launching an 'Apple Upgrade' leasing program for iPhones, Macs, iPads, and Apple Watches, offering 24-36 month leases with options to upgrade, keep, or return, backed by Klarna and replacing the current iPhone Upgrade Program.