Apple lets US customers lease an iPhone for $17.99 a month: What is Apple Upgrade?

6 min readNew DelhiJul 29, 2026 10:57 AM IST Apple Upgrade offers one-year and two-year leasing options for iPhone and Apple Watch. (Image: Apple)Apple has introduced a new way to own an iPhone, allowing customers to lease the device instead of purchasing it outright for the first time. The Cupertino-based tech giant on Tuesday, July 28, announced that customers in the United States will be able to lease iPhones and other products for up to two years at prices starting at $17.99 per month. The new lease option has been rolled out as part of a new programme called Apple Upgrade in partnership with Klarna, a US-based platform that offers buy now, pay later loans.The lease-to-own programme is currently only available in the United States. It will be offered at Apple’s physical retail stores i