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International Business Times UK
International Business Times UK
Technology
Vinay Patel

Apple iPhone Upgrade Program Ends as New Klarna Lease Means Many Users May Never Own Their iPhone

In a strategic pivot to combat longer device replacement cycles, Apple has shuttered its Citizens Bank-backed upgrade scheme in favour of a Klarna leasing model (Credit: / ChatGPT AI-Generated)

On Tuesday, Apple revealed that US shoppers will soon have the option to lease an iPhone for up to two years, with plans starting from $17.99 (£13.53) a month.

Apple Shifts to Klarna Leasing

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