Apple introduces device rental program

Apple has launched its new program, "Apple Upgrade," which replaces the previous "iPhone Upgrade" program. It now includes iPhones, Macs, iPads, and Apple Watches, with the aim of offering a monthly leasing system along with options for upgrades or outright purchase. The contract durations vary depending on the device type and range from 12 to 36 months. The monthly installment amount also varies based on the device, storage capacity, and contract length. Upon contract completion, users can return the device, upgrade to a new one, or pay to purchase it. There are warnings that additional fees may be charged if the device is not returned or if the remaining balance is not paid after the period ends. The program is not traditional installment financing, as the device remains leased until the final payment is made or an upgrade is taken. It is suitable for those who prefer to upgrade their devices frequently.

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