Apple Music subscription prices rise due to higher licensing costs
Fox Business • • technology
Key Points:
- Apple is increasing prices for Apple Music subscriptions due to rising licensing costs, with individual plans going up by $1 to $11.99 per month and family plans increasing by $3 to $19.99 per month.
- Certain Apple One subscription tiers are also seeing price hikes: the family plan rises by $2 to $27.95 monthly, and the Premier package increases by $2 to $39.95 per month, while the individual Apple One plan remains unchanged.
- These price adjustments affect customers in the U.S. and internationally and were implemented quietly on Apple's website without a formal announcement.
- Earlier in June, Apple raised prices on its iPad and MacBook products, citing significant increases in memory chip costs as the reason for the hikes.
- Apple acknowledged unprecedented component cost increases, stating that it had previously absorbed these costs but must now pass some on to consumers.
