> If you love your current iPhone, you can continue making your monthly payments. Once you reach 24 payments, your loan will be closed, the iPhone will be yours to keep, and your time in the iPhone Upgrade Program will come to an end.
The main page goes even further:
> At the end of your initial lease term, you can do one of the following:
> Upgrade and return your current device. Footnote ◊
> Leave the program and return your current device. Footnote ◊
> Buy the device outright with a one-time payment from your Klarna account.
... though curiously, out of all the carriers, T-Mobile is now the first to start charging anywhere from 0% to 24% APR on their installment plans based on creditworthiness. I assume this is a signal that the era of 0% APR installments from carriers is going to start to disappear as well.
Sprint also got sued a few times over for offering leasing for cellphones - I wonder when the first lawsuits against Apple and Klarna are going to strike as well when consumers realize what they fell for.
Not sure why people are so negative about this, macbooks only really last a few years under heavy use anyway and most small businesses would love to pay $100/employee/month to make sure they all have hardware they need rather than trying to manage depreciation accounting and cash flow.
Eg often hardware over $1000 gets depreciated over 5 years but employee laptops get replaced every 3 years so subscribing can have a huge positive effect on cashflow
What exactly does "heavy use" mean? My MacBook Pro is now in its fourth year of daily development work. It doesn't show any kind of wear. So far I don't see any reason to replace it in the years to come. If nothing major changes I think I'll get another four years out of it.
Untrue to say they don’t last, our M1 macs 6 years later are still very usable.
However your point is very true for corporates, staff always want a refresh regardless if the laptop is good enough or not.
These personal plans make sense for people who want the latest and don’t like the hassle of reselling
I have a seven-year-old MacBook Air that is like new and runs just as fast today as it did the day I bought it. Battery lasts acceptably and it’s a joy to use.
> macbooks only really last a few years under heavy use anyway
Ridiculous.
> most small businesses would love to pay $100/employee/month to make sure they all have hardware they need rather than trying to manage depreciation accounting and cash flow.
Apple Ugrade is a personal program, not a business program. It does not appear designed to manage fleets of devices.
> If you love your current iPhone, you can continue making your monthly payments. Once you reach 24 payments, your loan will be closed, the iPhone will be yours to keep, and your time in the iPhone Upgrade Program will come to an end.
The main page goes even further:
> At the end of your initial lease term, you can do one of the following:
> Upgrade and return your current device. Footnote ◊
> Leave the program and return your current device. Footnote ◊
> Buy the device outright with a one-time payment from your Klarna account.
https://www.apple.com/shop/apple-upgrade
https://www.t-mobile.com/news/un-carrier/eip-flex-36
... though curiously, out of all the carriers, T-Mobile is now the first to start charging anywhere from 0% to 24% APR on their installment plans based on creditworthiness. I assume this is a signal that the era of 0% APR installments from carriers is going to start to disappear as well.
Sprint also got sued a few times over for offering leasing for cellphones - I wonder when the first lawsuits against Apple and Klarna are going to strike as well when consumers realize what they fell for.
Eg often hardware over $1000 gets depreciated over 5 years but employee laptops get replaced every 3 years so subscribing can have a huge positive effect on cashflow
These personal plans make sense for people who want the latest and don’t like the hassle of reselling
Ridiculous.
> most small businesses would love to pay $100/employee/month to make sure they all have hardware they need rather than trying to manage depreciation accounting and cash flow.
Apple Ugrade is a personal program, not a business program. It does not appear designed to manage fleets of devices.