'Apple Upgrade' Pricing: You Can Lease an iPhone Starting at $18/Month

Apple launched Apple Upgrade in the U.S., a Klarna-backed leasing program for eligible iPhone, Apple Watch, iPad, and Mac models.

Customers can pay monthly, return the device at the end of the term, upgrade, or pay the remaining balance to keep it.

The program uses 24-month terms for phones and watches and 36-month terms for iPads and Macs, with some devices excluded.

It offers a lower monthly-cost way to access Apple hardware and replaces older Apple financing options.