Apple is now letting you lease an iPhone like a car. Here’s what to know.

Apple's new leasing program for iPhones marks a significant change in its sales strategy, especially as customers are increasingly concerned about high tech costs. By allowing users to lease an iPhone like a car, Apple is aiming to make its premium devices more accessible, potentially attracting budget-conscious consumers. This move could reshape consumer electronics purchasing habits and may lead to increased market competition as rivals consider similar flexible payment options. The implications extend beyond just sales, potentially impacting consumer financial behaviors and Apple's market position.