Apple Upgrade Replaces Two Programs at OnceOn July 28, Apple officially launched Apple Upgrade, a device leasing program backed by Klarna. It covers iPhones, iPads, Macs, and Apple Watches — the broadest financing program Apple has ever offered. But Apple is discontinuing both the iPhone Upgrade Program and iPhone Payments. Under Apple Upgrade, Klarna pays Apple the full device cost upfront. Apple responded on launch day, telling The Verge there will be no restricted mode tied to Apple Upgrade missed payments.