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

9to5Mac found iOS 27 beta code for a "Restricted Mode" that limits 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 giving financiers location access. Bloomberg separately reported Apple's Klarna-backed leasing program, planned for July 28, 2026. Apple has not commented. Beta code may change before release.