Apple raises prices for Music, AppleTV+ services
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Apple on Monday hiked prices for Apple Music, its AppleTV+ streaming service and its Apple One bundle.
According to its website, Apple Music will now cost $10.99 per month, or $109 per year, for its individual plan and $16.99 for its family plan, up from $9.99 per month, $99 per year and $14.99 per month, respectively. AppleTV+ will cost $6.99 per month, or $69 per year, up from $4.99 per month and $49.99 per year.
The Apple One bundle for individuals will increase from $14.95 to $16.95 per month, while the family bundle will increase from $19.95 per month to $22.95 per month and the premier bundle will increase from $29.95 per month to $32.95 per month.
Apple One includes TV and Music subscriptions, Apple Arcade, and iCloud storage ranging from as low as 50 gigabytes to as high as 2 terabytes. The Apple One Premier plan also includes News+ and Fitness+.
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An Apple spokesperson told FOX Business that the price change for Apple Music is due to an increase in licensing costs.
"In turn, artists and songwriters will earn more for the streaming of their music," the spokesperson said. "We also continue to add innovative features that make Apple Music the world’s best listening experience."