- Apple is rumored to be planning to rent Macs, as well as iPhones and other devices, to consumers.
- The ‘Apple Upgrade’ will allow you to pay via subscription (with financing arranged by Klarna) and eventually purchase the device if you wish.
- This is apparently Apple’s way of sidestepping the RAM crisis and maintaining Mac sales, as we’re also hearing about alarming memory price hikes from Framework.
We’re seeing the continuing fallout from the RAM crisis, with Framework outlining plans to deal with massive increases in the cost of memory, while Apple is rumored to be about to reveal a new way to sell you a Mac to cope with ever-rising prices: it’ll rent you the PC.
Let’s start with Apple’s apparent plan, detailed in a Bloomberg report, in which Mark Gurman tells us that Apple is preparing to launch a device leasing plan for consumers in conjunction with Klarna (on the financial side).
We’re told this will be announced on July 28 and will be called the “Apple Update.” The selling point (ahem) is that you can periodically upgrade your leased hardware, plus avoid a big hit to your wallet with the considerable outlay required to buy many Macs these days.
This won’t just be for the Mac, of course, but also for the iPhone, iPad and Apple Watch, and most models of all this hardware will apparently be included. To begin with, it seems that it could be an exclusive initiative of the United States, but it could reach other regions later.
Apple Upgrade will apparently work as a subscription for a period of 36 months (or 24 months for iPhones and Apple Watches), although there will be an option to pay off the device early and purchase it outright (or upgrade to a newer model early). When your subscription comes to an end, you can return the Mac and upgrade to a newer model with a new financing deal, or just keep it (with a final payment, naturally).
As mentioned, Klarna apparently handles the financial side and upgrade requests from Apple will be subject to a soft credit check.
This new plan will supposedly replace Apple’s iPhone Upgrade Program and standard financing. The first offers a way to buy an Apple smartphone with direct monthly payments from the company (with 0% interest), but there is no equivalent for Mac.
Gurman says of Apple’s upgrade plan: “Apple plans to advertise the program as a way to have lower payments compared to current financing programs.” The leaker also clarifies that Apple Upgrade will not include AppleCare (unlike the iPhone upgrade program, which does).
Some of Apple’s cheaper devices will also not be eligible for this rental plan, and that includes the MacBook Neo, as well as the Apple Watch SE, basic iPad, and iPhone 16.
As for the change with Framework laptops, this was revealed in a blog post that Tom’s Hardware noticed. The laptop maker said that with its Framework Laptop 13 Pro: “We recently received a cost update to our LPCAMM2 [laptop memory] supplier that goes far beyond what we had anticipated and everything we are capable of absorbing without putting our ability to operate at real financial risk.
“Instead of the low-to-mid double-digit percentage increase we had forecast from Q2 to Q3 in LPCAMM2 costs, we received prices that are more than double those of the previous inventory we had purchased.”
Framework is doing its best to address the situation (in a commendably transparent manner) and is adjusting existing pre-orders as necessary. That means reducing some 64GB orders to 32GB, charging the original 32GB price, and the same for 32GB orders dropping to 16GB, maintaining the original price for the latter.
The price of the 32GB module hasn’t quite doubled, but it is up 82% (with Framework absorbing some of the increase), and the 64GB module is up 88%. This means the latest RAM nugget now costs $1,600 in the US and £1,600 in the UK (yes, nugget seems like an increasingly appropriate term these days).
Analysis: own nothing, be happy
Unfortunately, July has brought us a clear picture that the AMR crisis is getting worse. We just heard that DDR5 memory has seen a noticeable increase in prices (after stabilizing a bit for a few months), and the boss of a large chipmaker has informed us that things are going to get a lot worse, and that 2027 will be nothing short of the “worst year” in the history of the RAM industry.
Framework’s story of doubling the cost of laptop memory is a really worrying increase on top of all this, and no doubt we can all still remember Apple’s price increases that came at the end of June. Especially those of you who were considering buying a Mac and regret not pulling the trigger before the increases hit.
However, Apple apparently has a solution to the RAM crisis, but this rental plan has not been well received online. Yes, you can imagine the reaction to this on social media: One Redditor notes that he’s “one step closer to owning nothing” (as in “owning nothing and being happy”), but to be fair, this is still a rumor. Although given the details and the apparent proximity of the launch, it sounds quite strict, we should not jump to conclusions.
Much of how any rent-to-own scheme will play out will depend on the prices Apple (and Klarna) charge, and the social media world fears the worst. Frankly, I don’t blame the doubters, and particularly those who are worried that the final payment to buy the Mac (or another Apple device) will be extremely high. Generally speaking, this is, of course, the way these lease agreements tend to be executed, and the same will likely be true of the option to exercise an upgrade before the current lease ends.
What’s interesting is that last week, I shared my thoughts on how worried I was that Mac sales were going to decline, and how Apple is in a bit of a tough spot in terms of combating this. Between MacBook resistance, the ongoing RAM crisis, and cynicism around an apparent renewed focus on AI from Apple, the Mac waters are getting seriously rough.
I didn’t expect to have a (theoretical) answer so soon, and we apparently now know how Apple plans to keep Mac sales buoyant. The devil will be in the details of Apple’s upgrade plan, assuming it happens, but the predominant speculation online for now remains that the terms of the rental plan will likely be leaning more in a hellish direction than a heavenly one.
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