Apple's New Upgrade Program: Is It Worth It?

With the new Apple Upgrade program in the U.S., you can now lease an iPhone, but is it worth it? The answer is more complicated than a simple yes or no.
We'll use the iPhone 17 Pro with 256GB of storage on a one-year lease as an example. In the U.S., the device costs $1,099 upfront, but through Apple Upgrade you can lease it for $45.99/month for 12 months.For a 12-month lease, your payments would total $551.88, which is lower than the $1,099 that you would have spent upfront. However, it is not