Apple products are famously expensive, and they’re only getting pricier. The ongoing memory crisis has only put pressure on companies like Apple to raise prices, which could dissuade users from upgrading their current devices. Maybe that’s why apple is now inviting consumers to skip buying its products altogether. While you can pay full price for any of its products, the company is now rolling out "Apple Upgrade," a new program that lets you lease a new iPhone, iPad, Mac, or Apple Watch. Apple Upgrade is a partnership with Klarna, the company best known for its "buy now, pay later" model — only this time, you're not buying anything. How does Apple upgrade work? The company offers 12 and 24-month leasing plans for iPhone and Apple Watch, and 24 and 36-month leasing plans for Mac and iPad. Pricing depends on the product and specification, but Apple says you can lease products starting at $11.99 a month for Apple Watch or iPad, $17.99 a month for iPhone, and $24.99 a month for Mac. Once your lease term is up, you have three options: Upgrade to the latest version of the device; buy it with a one-time payment; or return the device and exit Apple Upgrade. iPhone 16, iPhone 16 Plus, Apple Watch SE, MacBook Neo, Mac Mini, iPad (A16), and Apple's Studio Display are not eligible for Apple Upgrade, so you'll need to buy these products at full price.
