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Tom’s Guide

Technology

Scott Younker

Experts call Apple's new lease plan an attempt to 'mask the effect of rising hardware costs'

Apple Apple Upgrade Klarna Tom Guide

Apple logo on building .

Today Apple announced its new leasing program, Apple Upgrade which is undergirded by Klarna for iPhone, Apple Watch, Mac and iPad.

The program lets customers sign up for a plan, similar to how you would lease a car, for fixed 12-, 24- and 36-month terms depending on the device. There are options to upgrade to a new device early or return it at the end of the lease.

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