Apple Replaces iPhone Upgrade Program With "Apple Upgrade" Leasing Model Launching July 28

Apple will launch "Apple Upgrade" on July 28, replacing the iPhone Upgrade Program with a car-lease-style model spanning iPhones, Macs, iPads, and Apple Watches. Customers face a soft credit check, then choose at lease end: upgrade, keep, or return. iPhones and Watches get 24-month terms; Macs and iPads get 36 months. Klarna replaces Apple's traditional bank partners.