leasing

Apple retires iPhone Upgrade Program, launches Klarna-backed replacement

Apple has quietly retired one of its most popular retail programs, ending new enrollments in the decade-old iPhone Upgrade Program and replacing it with a leasing model called Apple Upgrade, powered by financial partner Klarna.

Apple to launch device leasing program with Klarna on July 28

Apple is preparing to launch a new device leasing program called "Apple Upgrade" in partnership with Klarna, with a launch date of July 28 in the United States, according to reporting that sent Klarna shares higher on Tuesday.