Gurman: Apple Set to Launch Device Leasing Program

Joe Rossignol, MacRumors: Apple and Klarna are partnering on a new “Apple Upgrade” program set to launch in the U.S. on Tuesday, July 28, according to Bloomberg’s Mark Gurman. The program will allow you to finance 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 be able to pay off the device early during the term, upgrade early to a newer device, or keep or return the existing device after the term. In 2017, working with McKinsey, Apple said its supply chain would eventually become a closed loop, without specifying a timeframe or even a firm methodology for how it might do so. Perhaps encouraging people to treat devices as leased objects exchanged every few years gets closer to this goal, as Apple can capture a greater number of sold devices. (Be honest: how many of you have a bunch of old products sitting around unused? There is gold in them thar hills.) Then again, the other…