Apple (NASDAQ:AAPL) will partner with BNPL provider Klarna (NYSE: READY) in an upgrade program.
Multiple reports indicate that the “Apple Upgrade” program will launch on July 28, with Klarna providing infrastructure and capital to support the initiative designed to boost the tech firm’s sales.
Apple Upgrade is described as a “subscription service” with “leases” lasting between 24 and 36 months. Not all products will be eligible for the Klarna credit programme.
At the same time, Apple is also expected to discontinue its popular in-house program.
Apple shares rose on the news after hitting all-time highs for several weeks. Apple will announce its Q2 results on July 30, 2026.
Klarna’s shares also rose slightly.
Once expected to be one of the top global Fintech companies, Apple has scaled back its ambitions in recent years and is reportedly in the midst of shifting its Apple Card program from Goldman Sachs to JPMorgan Chase.
Klarna completed its IPO last year and is in the process of pursuing a US bank charter.
DQ Promote’s Sponsored Links
