Apple raises prices on some streaming services as licensing costs climb - Fox Business

What the report says

FOX Business reported that Apple has increased prices for Apple Music subscriptions and select Apple One bundles, with the company citing higher music licensing costs. According to the report, Apple changed the pricing on its website on Friday rather than issuing a broad announcement. Apple Music’s individual plan is rising by $1 to $11.99 per month, while the student plan is also increasing by $1 to $6.99 per month.

The biggest Apple Music increase listed in the report is for the family plan, which is going up by $3 to $19.99 per month. Apple One is also seeing changes in some tiers: the family bundle is rising by $2 to $27.95 per month, and the Premier plan is increasing by $2 to $39.95 per month. The individual Apple One plan remains at $19.95 per month, according to the article.

FOX Business said the higher prices apply in the U.S. and other countries. Apple told 9to5Mac that the Apple Music increase was due to rising licensing costs; FOX Business said it contacted Apple for comment. The changes matter because they add to a broader pattern of price pressure across Apple’s products and services, affecting recurring subscription costs for users who rely on Apple’s music, cloud storage and bundled entertainment offerings.

The report also noted recent Apple hardware price increases tied to higher memory chip costs, including for some iPad and MacBook models. That context suggests Apple is passing along some rising business costs to consumers across both services and devices.