Apple raises prices on its TV and Music streaming services - CNBC

Apple connected Monday accrued monthly and yearly subscription prices successful the U.S. for its streaming services Apple TV+ and Apple Music. It besides raised prices for Apple One, its bundle.

Now, a monthly idiosyncratic subscription to Apple Music costs $10.99, versus the erstwhile terms of $9.99. Competitor Spotify presently starts astatine $9.99 a month.

Access to Apple TV+ costs $6.99 per month, much than the erstwhile terms of $4.99 per month. Apple TV+ has been competitively priced against different streaming services, immoderate of which person besides raised prices successful caller months. It besides has a smaller room of content. Competitor Disney+ starts astatine $7.99 a month portion Netflix starts astatine $9.99 a period but has an ad-supported work astatine $6.99 a period in the works.

Apple besides raised yearly subscription prices for those services, and raised the entry-level outgo for Apple One, which adds retention and the Arcade gaming service, from $14.95 to $16.95.

International markets and immoderate different bundles volition spot akin terms increases.

The terms increases travel during a play with accelerated ostentation astir the satellite that is forcing businesses to rise prices portion inactive attempting to sphere user demand.

The increases could besides bolster the gross from Apple's rapidly increasing services business, which reported $16.9 cardinal successful income during the June quarter.

But Apple besides warned that the services concern maturation would dilatory successful the September quarter, partially due to the fact that of a beardown dollar.

Apple Music and Apple TV+ are a tiny portion of Apple's services business, which besides includes hunt licensing fees, hardware warranties, App Store sales, and different businesses.

"The alteration to Apple Music is owed to an summation successful licensing costs, and successful turn, artists and songwriters volition gain much for the streaming of their music," said Apple successful a statement. "We besides proceed to adhd innovative features that marque Apple Music the world's best listening experience. We introduced Apple TV+ astatine a precise debased price because we started with just a fewer shows and movies. Three years later, Apple TV+ is home to an extended enactment of award-winning and broadly acclaimed series, diagnostic films, documentaries, and kids and family entertainment from the world's astir originative storytellers."