Apple Increases Prices on Subscription Fees

Apple subscribers were hit with an increased subscription fee on Monday for Apple TV+, Apple Music and Apple One…are you surprised?

Rising prices have dominated the news this year and we have seen a price increase on almost everything. 

Access to Apple TV+ now costs $6.99 compared to the previous price of $4.99 per month. Apple TV has a smaller library of content yet is still priced lower than competitor Disney+, which starts at $7.99 per month. However, Apple TV+ now appears to be in direct competition with Netflix which starts at $9.99 per month but has an ad-supported tier in the making starting at $6.99 per month. 

Monthly access to Apple Music also increased to $10.99 per month from the previous price of $9.99. Spotify, Apple Music’s competitor, is now officially the cheaper music streaming option with its subscription price starting at $9.99 per month. 

Additionally, Apple also raised the entry-level cost for Apple One which previously cost subscribers $14.95 and now costs them $16.95. Apple One combines Apple services into one subscription as well as adds more storage for each user. 

For information on the future of Apple and why prices are rapidly increasing, be sure to check out this CNBC article.