Apple (NASDAQ:AAPL) has raised prices for some of its subscription offerings. In the U.S., Apple TV+ will cost $6.99 per month, up from $4.99 per month, while Apple Music will cost $10.99, compared to the previous price of $9.99.
Rising music licensing and content production costs have prompted Apple to raise pricing for its services.
The price hikes could be incrementally positive for revenues from Apple’s services business, which is the company’s fastest-growing segment.
|S&P 500 Return||8%||-19%||72%|
|Trefis Multi-Strategy Portfolio||6%||-22%||209%|
 Month-to-date and year-to-date as of 10/26/2022
 Cumulative total returns since the end of 2016