KLARNA PROPS UP NEW APPLE PHONES

Summary from the TLDR Fintech newsletter

Klarna is powering Apple's new US device leasing program, including financing for the $1,999 foldable iPhone Duo and $1,199 iPhone 18 Pro, with 12- or 24-month terms that let customers upgrade, buy out the device, or return it. The partnership gives Klarna a major distribution win after failing to land Apple more than a decade ago, while helping Apple push hardware toward a subscription-style model that could encourage more frequent upgrades.