Apple is raising prices for Apple Music subscriptions as well as some Apple One plans as the company faces higher licensing costs.
The tech giant increased prices for Apple Music plans in all countries last week. subscription levels. Individual plans will increase by $1 per month to $11.99, while student plans will increase by the same amount to $6.99 per month.
Apple Music Family Plan prices are also increasing by $3 per month to a new monthly rate of $19.99.
The company also raised prices on certain tiers of Apple One, the company’s bundle that lets consumers subscribe to Apple TV, Music, iCloud+, Arcade, Fitness+ and News+ or the first four services simultaneously.
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Apple has increased prices for Apple Music plans as well as some Apple One plans. (CFOTO/Future Publishing via Getty Images)
Apple One family tier prices are expected to increase by $2 to a new total of $27.95 per month. Family plans can be shared with up to five people and have up to 200GB of iCloud storage, although they don’t include News+ or Fitness+ in the package.
The Apple One individual subscription, which includes the same four services but with 50 GB of iCloud Storageis unchanged at $19.95 per month.
Apple One’s Premier plan, which includes the company’s six subscription services with up to 2 terabytes of storage and can be shared among five people, will be price rise from $2 to $39.95 per month.
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Teleprinter Security Last Change Change % AAPL APPLE INC. 326.59 -7:15 a.m. -2.14% The price increases apply to consumers in the United States as well as other countries around the world.
These measures were not announced by Apple, which on Friday adjusted the prices of different subscriptions and tiers on its website. Apple told 9to5Mac: “Due to rising licensing costs, Apple Music is increasing its subscription price starting today.”
FOX Business has reached out to Apple for comment.
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Apple’s subscription price increases follow rising prices for iPads and MacBooks. (Apple)
At the end of June, Apple announced price increases for its iPad tablets and MacBook laptops amid rising memory chip costs.
The company increased the price of the MacBook Air by $200 to a new total of $1,299, while the price of the budget Neo laptop increased from $599 to $699. The price of a MacBookPro with 1 terabyte of storage went from $300 to $1,999, while the iPad Air with 128 GB of storage went from $599 to $749.
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Apple said at the time that it had “never seen the price of a component increase so much and so quickly,” adding that it had “protected our customers from these increases until now, but we have now reached a point where we need to start raising prices on a number of products.”