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Apple Debuts Its Own iPhone Upgrade Program

Sep 9, 2015, 2:16 PM by Eric M. Zeman
updated Sep 9, 2015, 3:45 PM

Apple will let consumers lease an iPhone directly from Apple itself in a change that reflects the current dynamics in the U.S. wireless market. Consumers willing to make monthly payments will receive a new, unlocked iPhone each year. The phone can be used with the consumer's carrier of choice (AT&T, Sprint, T-Mobile, AT&T) and includes a year of AppleCare+. Monthly lease payments start at $32 per month for the 16-GB iPhone 6s and go up to $45 per month for the 128-GB iPhone 6s Plus. People who enroll in the program will need to turn in their old phone when upgrading to a new one. The move reflects similar offerings from wireless network operators, which have moved away from device subsidies in favor of installment plans.

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