Code discovered in the iOS 27 beta suggests that Apple is developing a system that could restrict leased or financed devices if users miss their monthly payments.
This aligns with an earlier report claiming that Apple may soon launch an Apple Upgrade leasing program in the United States, giving customers a more affordable way to get the latest Apple hardware through lower monthly payments.
The report came from Bloomberg, which said that Apple will partner with Klarna, a Swedish fintech company, to power the financing service. The program is expected to cover the iPhone, iPad, Apple Watch, and Mac.
According to the report, iPhone and Apple Watch leases may last up to 24 months, while Mac and iPad leases could extend up to 36 months.
Similar to car leases in the United States, customers can either keep the device by paying off the remaining balance or return it at the end of the lease. They may also have the option to upgrade to a newer model before the lease term ends.
As for the new iOS feature, code found in the iOS 27 beta indicates that financed iPhones could automatically restrict access to apps and certain services when payments become overdue.
The system is reportedly called App Managed Features, allowing authorized financing companies or service providers to enroll an iPhone and perform status checks. If the system determines that the financing agreement is no longer in good standing, it can place the device into Restricted Mode, blocking access to most apps until the outstanding payments are settled.
However, essential apps and services needed for communication and safety will remain accessible, including Messages, Home, and other critical system apps.
The current version of the code does not specify a fixed number of missed payments required to trigger the restriction. Instead, enforcement appears to be determined by the financing provider based on its own policies.
Additionally, the feature introduces a new activation lock called Partner Finance Lock, which is designed to prevent users from reselling the device or stripping it for parts while it remains under a financing agreement.
Although the feature is integrated with Find My, the financing partner reportedly does not gain access to the device’s location.