Klarna Group plc (NYSE:KLAR) stock rose after reports said Apple Inc. (NASDAQ:AAPL) is partnering with the Swedish fintech company to launch Apple Upgrade, a new device-leasing program.
Klarna shares jumped as much as 11% to $20.78 following the report before paring most of those gains. The stock was up 1.87% at $19.11 at the time of publication.
Apple is preparing a device-leasing program that could reshape how customers buy and upgrade its products. The company plans to launch Apple Upgrade on July 28, Bloomberg reported on Tuesday, citing people familiar with the matter.
The program will cover most iPhone, Mac, iPad and Apple Watch models and will initially launch at least in the U.S. Customers will be able to access it through Apple’s retail stores and online channels.
Lower Payments, Upgrade Options
