The new leasing program is a big change for the hardware company, and comes as it looks to raise prices on many of its products.

Apple Upgrade will let customers lease iPhones, Macs, iPads, and Apple Watches through Klarna, replacing the current iPhone Upgrade Program and financing.

Apple will reportedly launch 'Apple Upgrade' on July 28, a new leasing program with lower monthly payments. Here's how it works.

Apple is reportedly launching the Apple Upgrade leasing programme with Klarna, allowing customers to lease and upgrade iPhones, Macs, iPads and more.