The New iPhone Underclass

Apple has introduced a new monthly lease program for iPhones, MacBooks, iPads, and Apple Watches through Klarna, replacing its previous iPhone Upgrade Program. Unlike the prior loan-based model, the new 'Apple Upgrade' program legally classifies as a lease, requiring full payment before ownership transfer and imposing strict consequences for missed payments, including device return or full balance payment. The shift raises concerns about consumer privacy and control over personal data stored on rented devices.