- Apple is reportedly launching an 'Apple Upgrade' leasing program in the US, partnering with Klarna for financing, covering iPhones, Macs, iPads, and Apple Watches.
- iOS 27 beta code reveals a system called 'App Managed Features' that can restrict access to most apps when lease payments are missed, placing the device in 'Restricted Mode'.
- A fixed allowlist of apps remains accessible in Restricted Mode, including Phone, Settings, Wallet, and others, while critical alert apps like Messages may be allowed at the provider's discretion.
- The financing provider decides when to lock the device based on its own policies, and there is no fixed number of missed payments triggering the restriction.
- A new 'Partner Finance Lock' activation lock prevents users from erasing, reselling, or stripping a restricted device for parts.
- The code is present in the iOS 27 beta but not in iOS 26.6 RC, suggesting the feature may launch later or be added to a future iOS 26.6 release.