Apple iPhone upgrade program
Definition
A subscription-based service provided by Apple that allows customers to purchase a new iPhone every 12 months by paying monthly installments, with the requirement of trading in the previous device.
A financial commitment that essentially functions as a 'smartphone leasing' model for users who suffer from severe FOMO every September.
Examples
I signed up for the Apple iPhone upgrade program because I simply cannot exist in a world where my phone’s camera has two fewer megapixels than my neighbor’s.
My bank account treats my enrollment in the Apple iPhone upgrade program as a form of long-term Stockholm syndrome.
Some people collect vintage stamps or fine art, but I, a high-achiever, collect monthly debt obligations through the Apple iPhone upgrade program.