By Sam Boughedda
The prices of Apple's (NASDAQ:AAPL) Apple TV+ and Apple Music subscription services will be raised according to 9To5Mac on Monday, with the Apple One bundle price also increasing as a result.
The move marks the first time the prices of the services have been raised in the U.S.
The tech giant is said to have increased the Apple Music monthly price by $1 for individuals and $2 for families, while the Apple TV+ subscription price is climbing by $2. In addition, the Apple One bundle is also rising by around $3 per month.
In a statement to 9To5Mac, Apple said the price rises are a result of an increase in licensing costs, but artists and songwriters will make more for the streaming of their music.
"The subscription prices for Apple Music, Apple TV+, and Apple One will increase beginning today," Apple told the publication. "We introduced Apple TV+ at a very low price because we started with just a few shows and movies. Three years later, Apple TV+ is home to an extensive selection of award-winning and broadly acclaimed series, feature films, documentaries, and kids and family entertainment from the world's most creative storytellers."