Apple launches 'Apple Upgrade' leasing program for iPhones, Macs, iPads and more

Apple has introduced a new leasing program called 'Apple Upgrade' in the United States, covering its latest iPhone, Mac, iPad, and Apple Watch models. The program functions similarly to a car lease, giving subscribers the option to keep their device, pay it off early, or trade up to a newer model before the subscription ends. The launch comes shortly after Apple raised prices on several of its product lines, including MacBooks and iPads, citing ongoing memory and storage shortages. iPhones were not affected by the price increases, though CEO Tim Cook had previously cautioned that supply constraints remained a concern.