Summary created by Smart Answers AI
In summary:
- Apple has increased prices for Apple Music and Apple One subscription plans, with individual Apple Music rising to $11.99 monthly and family plans reaching $19.99.
- Macworld notes these hikes follow previous price adjustments in October 2022, with Apple citing rising licensing costs as justification for the increases.
- Apple One bundles also saw price jumps, with Family plans now costing $27.95 and Premier plans reaching $39.95 monthly.
Just a few weeks after raising prices on Macs, iPads, and other devices, Apple has hiked prices on yet another of its products: Apple Music. In a quiet change to its website, Apple has adjusted the pricing for all Apple Music plans as well as Apple One.
Apple first increased Apple Music prices in October 2022, when it went from $9.99 to $10.99 per month. This update raises the price by another buck, to $11.99 a month. Here’s how the new pricing looks across all tiers:
- Individual: $11.99 (was $10.99)
- Family: $19.99 (was $16.99)
- Student: $6.99 (was $5.99)
- Apple One Individual: $19.95 (no change)
- Apple One Family: $27.95 (was $25.95)
- Apple One Premier: $39.95 (was $37.95)
Apple Music still costs less than Spotify, which raised the price of its Premium subscription by $1 to $12.99 per month earlier this year. Last August, Apple raised the price of its Apple TV streaming service to $12.99 a month, a $3 increase. At the time, Apple didn’t adjust Apple One pricing.
In a statement to the press, Apple blamed the price hikes on “rising licensing costs.” Apple’s Services division, which also includes in-app purchases and subscriptions through the App Store, has been a consistent source of growth. Last quarter, the company posted revenue of nearly $31 billion
