Apple will soon let you rent an iPhone 17 Pro or MacBook Air M5: How it might work
Last Updated: 2026-07-22 14:10:55
People rent furniture, pay the monthly charges and never own it. Apple is planning for a similar model for iPhones and even Macs that will allow you to rent/lease these devices and never officially own them.
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Apple to launch device rental program this month.- Rent iPhones, Macs, iPads, and Apple Watches.
- Monthly payments, no ownership, up to 36 months.
According to a new report by Bloomberg, Apple plans to launch this service later this month and it could be a new alternative to the Upgrade program that can include more devices from the company.
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The lease option will be available in the US across both retail and online stores, with plans ranging up to 36 months for iPhone, iPads, Macs and Apple Watch models as well.
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Apple is partnering with a company called Klarna that will be handling the profile checks for the customers and making sure of their credit score to offer different leasing plans. For iPhone and Apple Watch, the brand intends to have offerings of around 24 months. While for those keen on an iPad or a Mac under this program will get up to 36 months.
This is pretty much like a recurring model where the person continues to pay Apple monthly for their tenure and even have the option to pay off early. The upgrade choice is likely to be given once the latest model is launched.
Making Apple devices accessible
Apple is going on a pricing hike spree with the iPhones next in line to cost more for the buyers. The company already has a direct upgrade program but the choice to lease or rent might actually work out for these costlier products, giving people the room to manage their expenses without going big on these devices.
Bloomberg claims the new model will be announced on July 28 and we are eager to see how Apple plans to sell this to the consumers.
Apple is looking to extend its revenue streams and a lease program sounds quite viable for the company and the millions who want to own its devices but find it out of their budget.