Apple Upgrade Program: Is It Really a Good Deal?

Apple has launched its Upgrade Program, allowing customers to lease select models of iPhones, iPads, Macs, and Apple Watches with relatively low monthly payments. The company promises that you will never pay more than the full retail price of the device over the lease term, which ranges from one to three years. In some cases, you could save hundreds of dollars. On the surface, the program sounds like an incredible deal—but is there a hidden catch? The answer largely depends on how you use the program. With current pricing, a diligent user can make monthly payments, trade in their device after a year or more, and continue without overpaying. However, those who keep devices longer or miss upgrade cycles may find the program less advantageous.