The New iPhone Underclass

Buying a new smartphone comes with lots of decisions. iPhone Pro or iPhone Air? “Cosmic Orange” or “Deep Blue”? Now there’s a new consideration to add to the list: buy or rent? Yesterday, Apple announced a new monthly lease program, which will allow prospective buyers to rent new electronics such as iPhones, MacBooks, iPads, and Apple Watches via an agreement with Klarna, the same company that facilitates monthly payments for $4 polyester underthings on Shein. Perhaps you already make monthly…