Apple Upgrade installment program set to go live on Tuesday
appleinsider.com Jul 26, 2026

Apple Upgrade installment program set to go live on Tuesday

AI-summarised brief · reviewed before publication

Apple is launching a new installment service called Apple Upgrade on July 28, the same day it ends new enrollments for its long‑running iPhone Upgrade Program. The shift follows a July 21 report that the iPhone program was slated for replacement. Apple Upgrade expands eligibility beyond iPhones to include iPads, Macs and Apple Watches, but it no longer bundles AppleCare, requiring customers to purchase coverage separately. Financial backing also changes: the previous program was underwritten by Citizen Bank, while Apple Upgrade will be financed through Klarna. Existing iPhone Upgrade participants can keep their current plans, but no new contracts will be created under the old scheme. The rollout was disclosed in Bloomberg’s “Power On” newsletter by Mark Gurman.

💡 Why It Matters

  • · By widening device coverage and switching to Klarna, Apple aims to streamline financing and attract a broader subscriber base while separating warranty services from its leasing model.