Summary created by Smart Answers AI
In summary:
- Apple Music subscription prices increased across all tiers, with individual plans rising to $11.99, student plans to $6.99, and family plans jumping $3 to $19.99 monthly.
- Macworld reports Apple attributes these price hikes to rising licensing costs, while Apple One Family and Premier plans also saw adjustments.
- These increases affect millions of subscribers as Apple’s Services division generated nearly $31 billion in revenue last quarter.
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/£11.99 (was $10.99/£10.99)
- Family: $19.99 (was $16.99/£16.99)
- Student: $6.99 (was $5.99/£5.99)
- Apple One Individual: $19.95/£18.95 (no change)
- Apple One Family: $27.95/£24.95 (was $25.95/no change in U.K.)
- Apple One Premier: $39.95/£36.95 (was $37.95/no change in U.K.)
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
