Apple has announced a new leasing program that lets customers pay a monthly fee for iPhones and other devices. The plan, available to U.S. customers with a valid credit score, offers a 12‑month lease with the option to upgrade every year. Users can choose models such as the iPhone 15 or select from a range of accessories, and the monthly cost starts at about $500.

The service is positioned as a flexible alternative to outright purchases, allowing consumers to spread the cost over a year while keeping up with the latest technology.-navbar

Early adopters on Hacker News praised the convenience, while some critics warned that long‑term costs could exceed ownership. Apple’s spokesperson said the program “complements our existing subscription services and expands access to our ecosystem.”

If successful, Apple may extend the model to other products, including Macs, AirPods, and HomePod, potentially reshaping how consumers acquire Apple hardware.