Tuesday July 28, 2026 5:20 am PDT by Juli CloverApple today launched Apple Upgrade, a new U.S. leasing program for iPhone, iPad, Mac, and Apple Watch. Apple partnered with Klarna for Apple Upgrade, and it replaces the current iPhone Upgrade Program and iPhone Payments.
Apple Upgrade has lower base prices than the iPhone Upgrade Program, with iPhones available starting at $17.99 per month and the Apple Watch available starting at $11.99 per month. Macs can be leased starting at $24.99 per month, and iPads start at $11.99 per month. AppleCare+ is optional and not included in the lease price, with customers also able to opt for AppleCare One.
There are 12-month and 24-month leasing options for the iPhone and Apple Watch, along with 24-month and 36-month leasing options for the Mac and iPad. Lease cost varies based on device, and is lower with a device trade-in that's applied on a monthly basis. Apple has some sample pricing, minus taxes and trade-in credits:
256GB iPhone 17 Pro ($1,099) - Typical monthly payment is $31.99 with a 24-month lease or $45.99 with a 12-month lease.
42mm Apple Watch Series 11 ($399) - Typical monthly payment for a 24-month lease term is $11.99 per month, or $21.99 for a 12-month lease term.
