Apple users prepare to shell out more for the company's services.
FTC Seeks to Hold Drizly CEO Accountable for Alleged Security Failures, Even If He Moves to Another Company
The increases could also bolster the revenue from Apple's rapidly growing services business, which reported $16.9 billion in sales during the June quarter. But Apple also warned that the services business growth would slow in the September quarter, partially because of a strong dollar. Apple Music and Apple TV+ are a small part of Apple's services business, which also includes search licensing fees, hardware warranties, App Store sales, and other businesses.
"The change to Apple Music is due to an increase in licensing costs, and in turn, artists and songwriters will earn more for the streaming of their music," said Apple in a statement."We also continue to add innovative features that make Apple Music the world's best listening experience. We introduced Apple TV+ at a very low price because we started with just a few shows and movies.
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