Free NewsletterPro Login

Apple Partners with Klarna for Broader Device Lease Plan

Published Jul 22, 2026
Share:
Summary:
  • Apple and Klarna will launch the Apple Upgrade lease program on July 28, 2026.
  • The program covers iPhones, iPads, Macs, and Apple Watches with lease options of 24 or 36 months.
  • The initiative aims to ease affordability following price increases caused by the memory chip shortage.

What the Apple Upgrade Program Does

Apple is collaborating with Klarna, a company that specializes in deferred payments, to introduce a fresh lease-to-own offering for its products. According to Bloomberg, the initiative, called Apple Upgrade, will begin on Tuesday, July 28. Customers will be able to spread payments across several years for items like iPhones, iPads, Macs, and Apple Watches.

For iPhones and Apple Watches, the lease duration reaches a maximum of 24 months; for Macs and iPads, it goes up to 36 months. At the conclusion of the lease, customers have the option to keep or return the devices, and they can also upgrade to newer models, which explains the program's name. The Bloomberg report notes that "transactions will incur an additional fee."

Apple currently runs a similar plan called iPhone Upgrade, but it plans to stop accepting new enrollments in that offering to concentrate resources on broadening the more extensive Apple Upgrade product.

Get the market news that matters in a five-minute read with Market Briefs, our free daily newsletter

By expanding beyond just iPhones, Apple's new Upgrade program represents a significant shift from its earlier, more limited approach. The partnership with Klarna, a prominent player in the deferred‑payment and buy‑now‑pay‑later space, enables Apple to offer these leasing options without taking on direct credit exposure.

Industry observers note that the program's timing - just after Apple's price hikes due to the memory chip shortage - suggests a deliberate effort to maintain sales volumes despite higher device costs. With CEO John Ternus at the helm and a legal battle with OpenAI unfolding, Apple faces multiple challenges, making the Upgrade program a key component of its near‑term strategy.

Why Apple Is Doing This Now

Apple has faced supply chain challenges due to "RAMageddon," an industry‑wide scarcity of memory chips that is pushing hardware costs higher. The AI sector is the primary driver of these shortages, consuming such vast amounts of memory that little remains for other uses. In response, Apple recently revealed plans to increase prices, and the Upgrade program appears intended to ease the impact on customers facing higher costs.

The decision to partner with Klarna also reflects Apple's desire to offload credit risk while still offering flexible payment terms.

Klarna's established infrastructure for buy-now-pay-later transactions allows Apple to scale the program quickly without building its own lending capacity. This arrangement frees Apple to focus on hardware and software while Klarna manages the financial side, a logical division given Apple's recent legal distractions.

The prior iPhone Upgrade program, which only covered iPhones, is being phased out to make room for this more inclusive offering. Customers currently enrolled in the old program can continue until their lease ends, but new sign-ups are being redirected to the Apple Upgrade plan. This transition underscores Apple's ambition to capture a wider audience by spreading costs across multiple device categories, especially as price sensitivity grows among consumers.

Join Market Briefs, our free daily newsletter, for a quick daily rundown of the markets

Disclosure

Recent News

1 2 3 … 108

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

October 16, 2026
How Boring Math Makes You Rich: The Briefs Money Spreadsheet, Explained
  • Briefs Money shows you what to do with every paycheck, and in what order: how much to spend, save, and invest, when to build an emergency fund, and which debt to pay off first.
  • The Climb to Wealth course walks you through the system step by step, and the Personal Finance Spreadsheet is where you track your own numbers.
  • Investing is one piece of building wealth. The system that gets money to your investments, and keeps it there, decides the outcome.
Read More
October 16, 2026
Common Investing Mistakes: Why a Stock Grade Is One Tool, Not the Whole Toolkit
  • The Briefs Score shows growth, income, and wealth preservation investors how well a stock fits their goal, with a separate letter grade for each one.
  • The most common mistake is treating the letter as an instruction. An A tells you a stock scores well for one goal, not that you should buy today.
  • Research works best as one input in a process you own. The grade shows how a stock stacks up. You supply the goal, the timeline, and the rules for being wrong.
Read More
October 16, 2026
How to Read a Company's Numbers Without a Finance Degree (Using Briefs Terminal)
  • Briefs Terminal lets you size up any public company in about ten minutes: what the stock costs, what it earns, how fast sales are growing, and what it pays you, all on one page.
  • It lines those numbers up against the company's closest competitors for you, so you can tell if a number is impressive or just average.
  • Below that are the income statement, balance sheet, and cash flow statement from the company's SEC filings, the latest news, and transcripts of its earnings calls.
Read More
October 16, 2026
What Type of Investor Am I? The Three Investor Archetypes, Explained
  • Briefs sorts its stock grades and monthly reports by three investor goals: growth, income, and wealth preservation. Pick yours and you know which report and which grade to read first.
  • Growth investors want stocks that beat the S&P 500. Income investors want to get paid in cash. Wealth preservation investors want stocks that hold up when the market drops.
  • The same stock can score an A- for one goal and a D- for another, so picking your goal comes before picking any stock.
Read More
October 16, 2026
How to Build a Stock Watchlist That Isn't Just Stocks You Heard About
  • A watchlist on Briefs Terminal lets you group stocks by the idea you're tracking and follow each one's price, one-day move, and 52-week high and low in one place.
  • Each list has its own name and description, so you always know why a stock is on it, and you can make as many lists as you have ideas.
  • The monthly growth, income, and wealth preservation reports under the Briefs Research tab hand you new themes to track that you didn't hear about online.
Read More
October 16, 2026
How to Choose an ETF That Matches Your Idea (Using the ETF Planning Tool)
  • The ETF planning tool takes an idea like "I want to invest in fast food companies," asks what you mean, and finds the ETFs that match, with the reasons, the holdings, and the sources.
  • Build a Plan then shows what your money could grow to in those ETFs over the years you choose, with conservative, expected, and optimistic estimates next to the S&P 500.
  • It gets you from an idea to an actual plan without researching dozens of companies one at a time.
Read More
October 16, 2026
Is This Stock a Good Buy? How to Use the Briefs Score to Tell If a Stock Fits the Way You Invest
  • The Briefs Score shows growth, income, and wealth preservation investors how well a stock fits their goal, with a separate letter grade for each one.
  • One stock can score very differently for each. Nvidia showed an A- for growth and a D- for income, because it grows fast and pays almost no dividend.
  • Seven sub scores under each grade show what earned the letter, so you can see exactly where a stock is strong or weak for your goal.
Read More
October 16, 2026
How to Tell an Asset From a Liability: The One Question to Ask Before You Buy Anything
  • The typical American household earned more in 2025 than in any year on record, yet only 30% of Americans say they could pay a surprise $1,000 bill from savings, so the problem isn't income but what the income gets spent on.
  • An asset puts money in your pocket and a liability takes money out, and the wealthy buy assets first, then let the assets pay for the fun stuff.
  • Before you buy anything, ask one question: does this put money in my pocket, or take money out of my pocket? Then you need a plan for the money you keep.
Read More
October 16, 2026
How to Build Your First $2,000 Emergency Fund and Wipe Out Every Debt Over 10%
  • Your first money goal isn't investing, it's $2,000 in its own account named Do Not Touch, built by moving 10% of every paycheck into it automatically.
  • More than a third of American adults couldn't cover a $400 surprise bill with cash or savings, according to the Federal Reserve, and that's how one bad day turns into years of credit card payments.
  • Once the $2,000 is there, attack every debt charging more than 10% interest, highest rate first, because you can't out-invest a 22% credit card so paying it off is the investment.
Read More
October 16, 2026
How to Invest Through a Crash: 3 Rules From the Worst-Timed Investor Alive
  • Meet Bunty, a fictional investor with the worst timing in history: he put $100,000 into the market in four chunks right before four crashes, never sold, and by 2025 it had grown to more than $500,000.
  • Investors who jump in and out of the market miss its best days, and missing just a handful of those days can cut your final result roughly in half.
  • The fix is ABB, Always Be Buying: you buy on a schedule through booms, crashes and scary headlines, which matches the market, and beating it takes knowing where the money is moving first.
Read More
1 2 3 … 29
Share via
Copy link