Is the Apple Upgrade program a good deal or a rip-off? I asked ChatGPT to crunch the numbers and here's the verdict

(Image credit: Tom's Guide / John Velasco)

This week, Apple revealed its new Apple Upgrade Program that lets you lease several of the company's devices, including iPhones, Macs, Apple Watches and iPads.With fixed 12-, 24 or 36-month terms, you're locked into paying a monthly rate for your chosen device until the term is up or you decide to upgrade. Abandoning the lease early is possible, but there are a number of penalties and fees associated with doing so.Is the Apple Upgrade Program a good deal versus buying the phone outright or getting it from a carrier? I crunched the numbers, but also turned to ChatGPT to find out if it's a ripoff or worth your dollar.iPhones and Apple WatchesHere's how much an iPhone or Apple Watch will cost you over a 24-month term. If you want to keep the device at the end of the lease, you'll need to pay the remainder.

Swipe to scroll horizontally

Apple Upgrade Prices - iPhones and Watches

Device