Apple and Klarna are teaming up to offer a new “Apple Upgrade” program set to launch in the U.S. on Tuesday, July 28, according to Bloomberg‘s Mark Gurman.
Klarna Group plc is a Swedish financial technology company and digital bank that provides digital payments, short-term consumer credit, cards, banking services and merchant tools for online and in-store commerce. It is best known for its buy now, pay later payment products.
Buyers will be able to finance most most iPhone, iPad, Mac, and Apple Watch models, giving them 24-months to pay off new iPhones and Apple Watches and 36-months to pay for new iPads and Macs. Customers will be able to pay off the device early during the term, upgrade early to a newer device, or keep the existing device after it is fully paid off.
Gurman says some lower-priced Apple devices, the Apple Watch SE, entry-level iPad, iPhone 16, and MacBook Neo, will not be eligible for the financing deals.
Be aware that Apple will terminate its iPhone Upgrade Program once the new Apple Upgrade program launches, the report added. The Apple Upgrade program will apparently not include AppleCare+ coverage, as it was under the iPhone Upgrade Program.
