Good point. But at this point, with only 2 or 3 payments left on the phone, I’m obviously not upgrading within the current program. Just hoping this new program is similar enough to the current program. Guess we’ll see.
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'Apple Upgrade' Program Launching on Tuesday
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Good point. But at this point, with only 2 or 3 payments left on the phone, I’m obviously not upgrading within the current program. Just hoping this new program is similar enough to the current program. Guess we’ll see.
Alexrat1996
macrumors 601
Right I have one payment left I don’t why Apple would move us.
For 2027 I would see why.
I’m upgrading to the pro max or fold.
Seamaster
macrumors 65816
Look, if it works virtually the same way the iPhone Upgrade Program currently works: You get an unlocked iPhone at 0% APR financing and after 12 monthly payments you can give it back to upgrade to the new iPhone or after 24 monthly payments you completely own the unlocked iPhone. Then I don’t really care and don’t see the problem. Sure it sucks that AppleCare+ won’t be included but I can just get that separately as well.
In his newsletter today, Bloomberg's Mark Gurman reiterated that a new "Apple Upgrade" program is set to launch in the U.S. on Tuesday, July 28. Apple will stop accepting iPhone Upgrade Program sign-ups on the same day, but he said customers who are already enrolled will be able to remain in the program "for the time being."
Apple is partnering with buy-now, pay-later company Klarna on the program, he said.
The program will allow you to lease most iPhone, iPad, Mac, and Apple Watch models, with a 24-month term for iPhones and Apple Watches and a 36-month term for iPads and Macs. Customers will have various options, including returning their device after the term, upgrading to a newer device, paying a fee to keep the device, and so forth.
Some lower-priced devices, including the Apple Watch SE, the entry-level iPad, the iPhone 16, and the MacBook Neo, will not be eligible, he said.
Unlike the iPhone Upgrade Program, Apple Upgrade plans will apparently not include AppleCare+ coverage bundled into the monthly price.
Apple plans to advertise the program as a way to have lower monthly payments compared to current financing programs, according to the report, so it sounds like Apple Upgrade will be focused on leasing rather than traditional financing, and it will apparently replace the iPhone Upgrade Program for new purchases going forward.
Article Link: 'Apple Upgrade' Program Launching on Tuesday
PatriotInvasion
macrumors 68000
1 iPhone won't net much, but when you're buying a family's worth of iPhones, iPads, Apple Watches, and Macs, its adds up. Why give it away?
Financing = Owning your iPhone & being able to sell it afterwards when paid off.
Leasing = you will own nothing and you will be happy’
Leasing = you will own nothing and you will be happy’
Only after one has paid an additional fee.
Apples quest to squeeze every last dollar out of their customers ranks high on the company’s priority list.
Manzzle
macrumors 6502
So if you are "leasing" it for these 24 months, at the end of the 24 months the total you've paid should not cost the full price of the device right? Otherwise it's just a financing program. It would make it cheaper to afford this over priced fold they'll be pushing onto the public.
In his newsletter today, Bloomberg's Mark Gurman reiterated that a new "Apple Upgrade" program is set to launch in the U.S. on Tuesday, July 28. Apple will stop accepting iPhone Upgrade Program sign-ups on the same day, but he said customers who are already enrolled will be able to remain in the program "for the time being."
Apple is partnering with buy-now, pay-later company Klarna on the program, he said.
The program will allow you to lease most iPhone, iPad, Mac, and Apple Watch models, with a 24-month term for iPhones and Apple Watches and a 36-month term for iPads and Macs. Customers will have various options, including returning their device after the term, upgrading to a newer device, paying a fee to keep the device, and so forth.
Some lower-priced devices, including the Apple Watch SE, the entry-level iPad, the iPhone 16, and the MacBook Neo, will not be eligible, he said.
Unlike the iPhone Upgrade Program, Apple Upgrade plans will apparently not include AppleCare+ coverage bundled into the monthly price.
Apple plans to advertise the program as a way to have lower monthly payments compared to current financing programs, according to the report, so it sounds like Apple Upgrade will be focused on leasing rather than traditional financing, and it will apparently replace the iPhone Upgrade Program for new purchases going forward.
Article Link: 'Apple Upgrade' Program Launching on Tuesday
Glideslope
macrumors G3
That saying is just a nod toward a slightly paranoid take on an academic essay written for the WEF. People love a dark take on something.
If you don't like it don't do it. Like other harmful stuff. People are up against zillion of dollars in psychology and marketing. This is just another terrible thing to hurt the financial illiterate and impulsive.
One more payment. "Everything is too expensive and wages aren't going up"!
One more payment.
ProbablyDylan
macrumors 68040
They'll pull the same trick that car sales people pull - never give them the big number, only the installment price. Slimey.
No thanks … I’ll opt for Apple Card financing at 0 APR and actually own the product when paid in full. This literally reminds me of a rent a center. That’s a lot of money spent over a 12-24 month period and then have to pay an additional ownership fee. 😊
rahysell
macrumors newbie
I have a better idea. How about we limit the amount of ram these AI companies can buy so folks can afford to buy tech again. I love AI just as much as the next guy but when it forces all the tech companies to raise their prices because they can’t get the supplies they need to complete a product we can’t afford to buy them anymore. This is why they are doing it, it’s running the prices of the products through the roof.
Who'd have thought on one site I could catch up on the latest Mac Rumors AND get credit counseling that nobody asked for? What a world!!! /s
AKA: Feudalism.
I imagine if you choose the option to own it at the end, no. If you're giving it back in 12-24 months, yes. All depending on creditworthiness...
Careful... that sounds a little too close to C*****ism. And if you haven't noticed, they're trying to make the commies the big bad again, and it's 110% because of the costs of goods and affordability.
I'm 66 and no one will give me a mortgage, so I wonder what his advice is for me? Become homeless?
Dark_Omen
macrumors 65816
Then don't buy a $3,000 laptop if you're poor?
The economy is fine, people are just... Very stupid.
I'm a single guy... No kids. I make about $6,000 a month. I am comfortable financially. You know why? Because I actually work hard and don't have kids I can't afford. I don't spend $7 a day on a cup of coffee. I don't purchase $3,000 laptops when a basic MacBook Neo or entry level MacBook Air is good enough.
StevesBobs
macrumors member
I used to do this then I just stopped. Been on iPhone 15 pro max and very happy with it. I see no appeal in an upgrade, i think the new phone body to be kind of ugly and prefer titanium to aluminum anyways.