Apple is launching a new leasing program to make iPhones, Macs, and other products feel more affordable at a time when electronics prices are climbing and consumers are holding onto devices longer.
Leasing Details
Apple is partnering with payment platform Klarna on the program, which will be available in the United States starting Tuesday through retail locations, online, and in the Apple Store app. iPhones and Apple Watches can be leased on either a 12- or 24-month basis, while Macs and iPads will have a 24- or 36-month lease term.
The cheapest iPhone leasing option costs $17.99 per month, while the iPhone upgrade plan starts at about $42 per month, according to Apple’s website.
The program could help consumers think about an iPhone or Mac as another subscription rather than a big-ticket purchase, according to Francisco Jeronimo, an analyst for market research firm International Data Corporation.
Original reporting: El Paso News (HLL/CB) — read the source article.
