iOS 27 Beta Code Reveals Apple's 'Restricted Mode' for Leased iPhones After Missed Payments

9to5Mac discovered iOS 27 beta code for a "Restricted Mode" that strips leased iPhones to Phone, Settings, and the App Store after missed payments. A "Partner Finance Lock" within Find My blocks erasure, resale, and part-stripping without granting financiers location access. Bloomberg separately reported Apple's Klarna-backed "Upgrade" leasing program, planned for July 28, 2026. Apple has not commented. Beta code may change before release.