Apple Music and Apple TV Plus prices are now more expensive in the United States (US). The iPhone maker increased monthly and annual subscription fees of these two services.
Apart from its streaming services, the Apple One bundle also receives a price bump.
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WUHAN, CHINA - MAY 21: People wait in line to enter the new Apple retail store at Wuhan International Plaza on May 21, 2022 in Wuhan, Hubei Province, China. According to local media reports, this is the first Apple store to open in Wuhan, and the 44th store in mainland China.
Apple Music and Apple TV Plus Prices Increase
As per the latest news story by CNBC, Apple has increased the pricing of its subscription services in the US, including its Apple Music and Apple TV+.
While the Cupertino-based tech giant is known for its iPhones, iPads, and MacBooks, as well as the AirPods and Apple Watch, it also offers subscription services. It has its music streaming platform, Apple Music, which competes with Spotify.
Meanwhile, Apple TV+, which brought award-winning shows like Ted Lasso and Severance, is one of the top video streaming services. Although it takes a small pie of the market, it essentially rivals giants like Netflix and Amazon Prime Video.
And this time, both its Apple Music and Apple TV Plus are getting more expensive than ever.
Apple Music vs. Spotify Pricing
To be more precise, the new Apple Music monthly subscription now costs $10.99. A dollar increase from its previous pricing of $9.99.
CNBC puts the newly increased pricing of Apple Music into perspective, comparing it with the pricing of its close rival, the podcasting and music streaming service Spotify. It is worth noting that the latter offers its monthly subscription service for $9.99.
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This illustration picture taken on April 19, 2018 shows the logo of the Itunes app of Apple displayed on a tablet screen in Paris.
And as such, an Apple Music subscription is now more costly than an individual plan of Spotify Premium.
Apple TV Plus vs. Netflix
Besides the Apple Music and Spotify pricing comparison, CNBC also put the subscription fees of Netflix and Apple TV Plus side-by-side.
And it turns out that the pricing of Netflix is still more expensive than the streaming service of the renowned phone maker. However, it is worth noting that the library of the Apple TV Plus is significantly smaller than what the streamer that brought us Stranger Things offers.
The new pricing of Apple TV+ now costs $6.99 per month, which is at least a $2 increase. CNBC notes that it is the same price as the upcoming ad-supported tier of Netflix, which only costs $6.99 monthly.
Read Also: Apple Music Contains 100 Million Songs in Library-Is it a Good Streaming Platform?
Why Did Apple Increase Subscription Fees?
According to a report by XDA Developers, Apple blames the price increase of its music service on an "increase in licensing costs."
On the flip side, the Apple TV+ price bump is due to the increasing library of the streaming service.
Related Article: Apple Music New Feature: Artists Can Personalize Profile Pages and Add Lyrics for Their Songs
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Written by Teejay Boris
