The Clap
Apple (NASDAQ: AAPL) increased the monthly and annual subscription prices for Apple Music, Apple TV+, and the Apple One Bundle in the US.
The Deets
Apple Music now costs $10.99 per month, an increase from $9.99 per month. The Apple TV+ subscription increased to $6.99 per month, an increase from $4.99 per month.
Why this Matters
Inflation has continued to impact the prices of commodities and goods around the world, hurting companies’ bottom lines.
To cope with higher costs, companies are hiking the prices of their products in order to generate more revenue.
What Now
Apple will report earnings later this week.