Apple Hikes Music, TV+ Subscription Prices

Apple Inc (NASDAQ:AAPL) raised the prices of both its monthly and annual subscription-based content services in the United States.

What Happened:

The price hike means Apple TV+ and Apple Music will now cost more and so will the bundled services in the Apple One services.

Apple Music subscribers will now pay $10.99 a month, compared with the $9.99 they were paying previously.

TV+ subscription is now priced at $6.99 per month while earlier it cost $4.99 per month.

Apple One, with Arcade gaming service, now costs $16.95 instead of $14.95. The bundle also offers cloud storage.

The price change to Apple Music is due to an increase in licensing costs and payouts to artists and songwriters for the streaming of their music.

 

Why It Matters:

Apple Music now costs higher than the rival offering from Spotify Technology S.A at $10.00.

While Apple's subscription video-on-demand competitors have raised prices as well recently, TV+ is still priced lower than both Disney+ and Netflix Inc's services, which cost $7.99 and $9.99 a month, respectively.

Netflix's ad-supported version would be priced similarly to Apple TV+.

Meanwhile, Apple just announced a new Apple TV 4K, which is "more powerful, entertaining, and affordable than ever” with a starting price of $129.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Damien Khoo
2022-10-26
Damien Khoo
This goes up never come down
Kyesu
2022-10-26
Kyesu
Read and thanks
Austin1881
2022-10-26
Austin1881
👍🏻
claratan
2022-10-26
claratan
Yes
yang6533
2022-10-26
yang6533
Ok
Toratoratora
2022-10-26
Toratoratora
great

Leave a comment

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