Apple has launched the Apple Upgrade program, offering a new product leasing service.

July 28th, Apple (AAPL.O) announced the launch of the "Apple Upgrade" program in the United States, offering a new product leasing service for iPhone, Apple Watch, Mac, and iPad.

Apple Upgrade offers 12-month and 24-month leasing options for iPhone and Apple Watch, as well as 24-month and 36-month leasing options for Mac and iPad. Monthly lease prices start as low as $17.99 for iPhone, $11.99 for Apple Watch, $24.99 for Mac, and $11.99 for iPad.