Apple Increases Apple TV Price to $14.99, Apple One to $21.95
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowOn Friday, Apple (AAPL) raised the monthly subscription price of Apple TV to $14.99 from $12.99 and the annual price from $99 to $119. Additionally, the price for Apple One increased to $21.95 from $19.95. These adjustments come after previous increases in subscriptions, including a $1 hike for Apple Music in July. Apple's services revenue reached $30.7 billion in its third quarter, showcasing growth despite a decline in gross margin for the unit. This matters for investors as rising pricing could boost service profitability amidst increasing competition in the streaming market.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Apple Inc. (AAPL)
Apple designs and sells consumer electronics: the iPhone, Mac, iPad and Apple Watch. It also runs a fast-growing services business spanning the App Store, iCloud and Apple Pay.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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