'Apple Upgrade' Program Reportedly Launching Next Week

Apple and Klarna are partnering on a new "Apple Upgrade" program set to launch in the U.S. on Tuesday, July 28, according to Bloomberg's Mark Gurman.

The program will allow you to finance most iPhone, iPad, Mac, and Apple Watch models, with 24-month or 36-month terms available depending on the device. Customers will have the ability to pay off the device early during the term, upgrade early to a newer device, or keep the existing device at the end of the financing period.

Some lower-priced devices, including the Apple Watch SE, the entry-level iPad, the iPhone 16, and the MacBook Neo, will not be eligible.

Apple plans to stop accepting new iPhone Upgrade Program sign-ups once the new Apple Upgrade program launches, the report said.

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