Apple's New Leasing Plan Just Launched -- Here's the Stock That Could Be the Biggest Winner
Apple customers may start upgrading more frequently, and the company providing the financing could be the big winner.
Overview
Apple (NASDAQ: AAPL) officially launched its Apple Upgrade leasing program this week, allowing customers to pay monthly for iPhones, Apple Watches, Macs, and iPads. Payments start at $17.99 per month, giving customers the financial flexibility to upgrade their devices more frequently without making lump-sum payments.
To be clear, this could be a big deal for Apple. Leasing payments are significantly lower than the company's old upgrade program, so this could boost sales by encouraging customers to not only upgrade more frequently, but to lease higher-end devices than they would ordinarily buy outright.
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Details
Source
Originally published at www.fool.com.