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Apple launches Klarna-backed iPhone leasing from $17.99 a month in the U.S.

Apple launches Klarna-backed iPhone leasing from $17.99 a month in the U.S.

Apple said its new U.S. Apple Upgrade program offers leasing for iPhones, Apple Watches, Macs and iPads, with terms ranging from 12 to 36 months depending on the device.

Fact Check
The CNBC article directly confirms every element of the claim: Apple's new U.S. 'Apple Upgrade' program is Klarna-backed, offers iPhone leasing from $17.99/month, covers iPhones, Apple Watches, Macs, and iPads, and features terms of 12 to 36 months varying by device (Apple Watch 1-2 years, Mac/iPad 2-3 years). TechCrunch (citing Bloomberg) and AppleInsider independently corroborate the Klarna partnership, device coverage, term lengths, and the July 28, 2026 launch. The consistency across multiple credible business-news outlets makes the claim highly credible.
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Summary

Apple said U.S. customers can lease devices through a new program called Apple Upgrade, with iPhone monthly payments starting at $17.99. The offering extends beyond phones to Apple Watch, Mac and iPad, with 12- and 24-month lease options for iPhone and Apple Watch, and 24- and 36-month terms for Mac and iPad. Apple previously said the program would be offered in partnership with Klarna, available in its retail and online stores after a soft credit check, and would replace the iPhone Upgrade Program in the U.S. The move broadens Apple’s financing options as the company pushes lower monthly payments as an alternative to higher upfront device costs.

Terms & Concepts
  • soft credit check: A limited credit review that typically does not affect a consumer’s credit score.
  • installment plans: Payment arrangements that spread a purchase cost over fixed monthly payments.