Apple (AAPL.O) plans to launch a device-leasing program called Apple Upgrade on
July 28, a move sources say will be one of the largest changes to its device
sales model. The US-first rollout will cover most iPhone, Mac, iPad and Apple
Watch models and will be available in Apple retail stores and online. Klarna
Group will provide funding for the program. The subscription-style service
allows customers to prepay, upgrade early (early upgrades may incur fees), keep
devices after the lease or return them. Lease terms: 24 months for iPhone and
Apple Watch; 36 months for Mac and iPad.