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iPhone Upgrade Program Pre-Approvals Now Available Ahead of iPhone X Launch
To initiate the pre-approval process, customers will need to download the Apple Store app and choose their preferred iPhone X model to get their loans approved before pre-orders go live this Friday. The process is designed to make it easier for customers to get through the checkout process when pre-orders kick off.
When pre-approval has been obtained, iPhone Upgrade Program customers can use the Apple Store app to complete an iPhone X purchase once pre-orders are live. According to the Apple Store app, pre-orders will begin at 12:01 a.m. Pacific Time on Friday, October 27.
Apple's iPhone Upgrade Program is designed to allow customers to upgrade to a new iPhone after at least 12 payments have been made towards an existing iPhone. The Upgrade Program, which includes AppleCare+, requires customers to trade-in their current phones to get a new phone.
iPhone Upgrade Program members are able to use a Trade-in Kit this year to return their existing devices to Apple, alleviating the need to visit an Apple Store to purchase a new device.
iPhone Upgrade Pricing on the iPhone X costs $49.91 per month for the 64GB model and $56.16 per month for the 256GB model.
Upgrading to a new device through the iPhone Upgrade Program last year was a hassle because customers were required to reserve a device at a local retail store and supply was limited, but this year, iPhone Upgrade Program customers will go through the same order process as other customers. Though the wording makes it sound like iPhone Upgrade Program customers will be able to pre-order more quickly than others, that's not the case. This process offers pre-approval for the credit check portion of the iPhone Upgrade Program and does not otherwise speed up pre-ordering.
A fast and easy upgrade process will be essential this year, as rumors have suggested the iPhone X will be in seriously short supply. Available iPhone X stock is likely to sell out quickly, perhaps within minutes of when pre-orders go live. There may be a long wait for an iPhone X throughout the rest of 2017, with supply picking up during the first few months of 2018.
Following pre-orders on October 27, the first iPhone X devices will ship out to customers on November 3.