Klarna and Apple launch device lease for $1,999 foldable iPhone

Klarna and Apple introduced a device leasing program for Apple’s new $1,999 foldable iPhone Duo and iPhone 18 Pro, announced last week. The lease, typically lasting 12 or 24 months, lets users return, upgrade, or buy the device after the term.

The program, first introduced two months ago for four existing device categories such as phones and tablets, now includes Apple’s latest lineup. Monthly lease payments carry no fees, and at the end of the term customers may return the device, purchase it via a purchase‑option fee, or upgrade to a newer model. Klarna will finance the purchases and earn a return from the scheduled payments, while Apple’s zero‑interest financing is now limited to its own card issued by Goldman Sachs following a July revamp.

“At that point in time, we were basically absent in the U.S. It was probably a bit early to win that deal,” Sebastian Siemiatkowski said.

Eleven years ago Klarna sought to finance Apple’s gadgets but did not secure a partnership, with Apple instead turning to Citizens Bank for a zero‑percent interest upgrade program starting in September 2015. In July Apple revamped its financing plan, making zero‑interest financing available only through its own card issued by Goldman Sachs. Klarna’s CEO said Apple later approached the company to discuss changes to its existing device upgrade program.

What we know

Apple’s priciest iPhone to date is a $1,999 foldable model.
The lease option was debuted two months ago for four existing device categories.
Klarna‑Apple leases are typically 12 or 24 months.
Klarna failed to land a partnership with Apple 11 years ago.
As part of a financing plan revamp announced in July, zero‑interest financing from Apple is available only through Apple’s own card issued by Goldman Sachs.