Apple has quietly opened a new financial pathway for customers who want its hardware without paying full price upfront, teaming up with the buy now, pay later service Klarna. The leasing program, announced on Tuesday, allows eligible U.S. shoppers to spread payments across monthly installments for iPhones, Apple Watches, Macs, and iPads. Main Developments Leasing prices start at $17.99 per month for iPhone, $11.99 per month for Apple Watch, $24.99 per month for Mac, and $11.99 per month for iPad. Customers can choose one- or two-year terms for iPhone and Apple Watch, while Mac and iPad buyers get two- or three-year options. The program is available through the Apple Store online, the Apple Store app, and physical Apple Store locations across the United States. Background This move extends Apple's existing device-financing strategy, which previously relied on carrier subsidies and its own installment plans. By partnering with Klarna—a Swedish fintech company specializing in short-term credit—Apple taps into the growing buy now, pay later market, which has gained traction among consumers seeking flexible payment options. Read also: AI Startup Recursive Superintelligence Signs $410M AWS Compute Deal Why It Matters The leasing model lowers the upfront cost barrier for Apple's premium devices, potentially expanding the customer base beyond those who can afford full retail prices. For Klarna, the partnership provides a high-profile retail channel that could boost its user adoption and transaction volume in the competitive BNPL space. What's Next Apple and Klarna have not disclosed whether the program will expand to other regions or include additional device categories. Industry watchers will be monitoring customer uptake and any future adjustments to lease terms or pricing tiers.