Apple (NASDAQ:AAPL) announced that it’s raising the prices of its streaming services. Apple Music will increase by $1 and $2 per month for individuals and families, respectively. This equates to $10.99 per month for individuals and $16.99 for families. The annual individual subscription will increase from $99 per year to $109.
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The monthly subscription for Apple TV will increase by $2 to $6.99, whereas the annual subscription will change from $49.99 to $69 per year.
In addition, Apple One will see a $2 per month increase for individual plans. In contrast, the Family and Premier plans will jump by $3 per month. This translates to a cost of $16.95, $22.95, and $32.95 per month, respectively.
Is AAPL Stock a Buy or Sell?
AAPL stock has a Strong Buy consensus rating based on 23 Buys, four Holds, and one Sell assigned in the past three months. The average AAPL stock price target of $181.68 implies 21.89% upside potential.
