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While Apple announced its latest event yesterday, the news from Apple isn’t over for the week. Apple has also announced that it is raising the prices on most of its services.
Apple is raising prices on TV+, News+ and Arcade. But surprisingly, Music and iCloud storage have not been affected so far. However, Apple Music did go up in price in October 2022. And so did it’s competitors – Spotify and YouTube Music both raised prices to match.
So what’s the damage? Well, Apple TV+ is going from $6.99/month to $9.99/month. Apple News+ is going from $9.99/month to $12.99/month and Apple Arcade is moving from $4.99/month to $6.99/month. Apple TV+ is getting the biggest price increase here, and given Apple’s increased spending on original content, that is not surprising in the least.
It’s not just the individual services that are going up in price either. Apple One is also seeing increases across the board. The Individual tier was $16.95/month and now it’s changing to $19.95/month. While the Family tier is moving from $22.95/month to $25.95/month and the Premier tier is moving from $32.95/month to $37.95/month.
Does Apple One still make sense?
Apple One is a pretty brilliant bundle that Apple offers, and it’s one that I wish Google would also offer. As it combines its services into a bundle that is generally cheaper. The Individual tier still saves you $9 per month, while Family saves you $11/month and Premier at $29/month. But those savings only work if you use enough of those services.
For instance, if you use iCloud+ and need 2TB of storage, along with TV+, Music and News+ that would come out to a total of about $48 per month, making it worth it, and you get Arcade and Fitness+ included for free. Don’t forget with these Premier and Family bundles, you can share them with your family – that’s why you’re seeing the Apple Music family plan included in the breakdown from Apple.
The prices of all streaming services have gone up in the past year, and it was bound to happen to Apple. Sure Apple has a ton of money, but they do need to keep making money to keep shareholders happy. And with fewer people buying new hardware, this is Apple’s new cash cow.
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