Apple has announced a new price hike for its Apple Music subscription platform, marking the first such increase in years for the company’s music services.
According to a report by Music Business Worldwide, the increase affects individual, student, and family subscription plans. The tech giant justified the decision by citing rising “music content licensing costs.” The price increases weren’t limited to the music service itself, but also extended to the Apple One bundle.
According to the company’s official pricing page updates, the price of an individual Apple Music subscription has increased from $11 to $12 per month, while the family plan jumped from $17 to $20 per month, and the student subscription rose from $6 to $7 per month. The last time Apple made a similar move was in 2022, when prices increased by a dollar or more.
Regarding Apple One bundles, the individual plan maintained its price at $20 per month, while the Family and Premium plans increased by $2 each. The new prices are $28 per month for the Family plan and $40 for the Premium plan.
Apple’s individual and Family plans include Apple Music, Apple TV, and Apple Arcade, along with varying iCloud storage options. The Premium plan, however, includes all these services plus Apple News+ and Apple Fitness+, and offers even more storage.
While digital subscription platforms typically experience periodic price increases, Apple’s latest decision comes at a particularly inopportune time for consumers. The global market is currently experiencing a severe shortage of RAM chips, which has driven up the production costs of various electronic devices. This situation prompted Apple itself, just a few weeks ago in June, to raise prices on most of its computers, smartphones, and tablets. Wearable accessories.
