Daily brief   for adults 50+ Subscribe AM & PM email
50 Plus HubEverything for Everyone 50+
Customize My age is in the: 50s 60s 70s 80+ Text size Language
‹ Back to Breaking News
technology

Apple to Launch Device Leasing Program

Tuesday, July 21, 2026 · 1 sources

Apple is reportedly introducing a leasing program for its devices. The program will allow customers to lease iPhones, Macs, and iPads with options to upgrade or return the devices at the end of the lease.

Apple is planning to launch a device leasing program, according to Bloomberg's Mark Gurman. The program, similar to a car lease, will give customers the option to upgrade to a new device early, keep the device, or return it at the end of the lease. This move comes as component and RAM shortages are driving up prices. The leasing program is expected to be called the 'Apple Upgrade' program. It will be available for iPhones, Macs, and iPads. Customers will have flexibility in their leasing options, allowing them to choose the best plan for their needs. The program's details, including pricing and lease durations, have not been officially announced by Apple. The 'Apple Upgrade' program is likely to appeal to customers who want to use the latest Apple devices without the upfront cost of purchasing them outright. As the program is still in the planning stages, more information is expected to be released in the coming weeks.

Go Deeper

How will the leasing program work?

The program will work similar to a car lease, with options to upgrade to a new device early, keep the device, or return it at the end of the lease. Customers will have flexibility in their leasing options, allowing them to choose the best plan for their needs.

What devices will be available for lease?

The leasing program will be available for iPhones, Macs, and iPads. This will give customers a range of options to choose from, depending on their needs and preferences.

Why is Apple introducing this program now?

The program is being introduced as component and RAM shortages are driving up prices. This will give customers an alternative to purchasing devices outright, making it more affordable for them to access the latest technology.

What are the benefits of the leasing program for customers?

The leasing program will allow customers to use the latest Apple devices without the upfront cost of purchasing them outright. It will also give them the flexibility to upgrade to new devices early, keeping them up-to-date with the latest technology.

When will the program be available?

The program is still in the planning stages, and more information is expected to be released in the coming weeks. Apple has not officially announced the details of the program, including pricing and lease durations.