Apple Inc. (NASDAQ:AAPL) has announced a price increase for its prime services, namely Apple TV+, Arcade, and Apple One, with immediate effect on Wednesday.
What Happened: Apple TV+ monthly subscription prices have been raised from $6.99 to $9.99. The yearly plan also increased its prices from $69 to $99, following a previous hike in October 2022, reported CNBC.
The bundled package Apple One, a popular choice among families for accessing Apple’s services at a discounted rate, is also getting pricier, with its premium package now priced at $37.95 per month.
Additionally, Apple’s Arcade and News+ monthly subscriptions will now cost $6.99 and $12.99, respectively. Notably, Current subscribers will face these increased prices 30 days later, at their upcoming renewal date.
On Wednesday, an Apple spokesperson told CNBC, “The subscription prices for Apple TV+, Apple Arcade, Apple News+, and Apple One will increase in the US and select international markets beginning today.”
These services form a crucial part of Apple’s revenue, generating $21.21 billion in its fiscal third quarter and making it Apple’s ...