Apple's new 'Upgrade' program allows customers to lease devices, then upgrade or purchase them. Apple may lock financed iPhones if customers fall behind on lease payments. The Upgrade Program comes after Apple recently raised prices on MacBooks, iPads, and other devices in response to memory and storage shortages. Per The Verge:The new Apple Upgrade program will be available both online and in physical retail stores, with Klarna serving as Apple’s financial backer. Don’t Miss Your PaymentsThe Upgrade Program will replace the old iPhone upgrade program, first introduced in 2015 and limited to smartphones; this new program covers a wide range of devices.