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Apple TV+ Raising Subscription Price By $3—First Price Hike Since 2023

1. Apple TV+ subscription price will rise to $12.99 monthly. 2. Apple is losing $1 billion annually on its streaming service. 3. The last price increase happened in 2023, raising prices from $6.99 to $9.99. 4. Apple TV+ continues to lack an ad-supported option despite price hikes. 5. Original shows like 'Ted Lasso' drive subscriber growth.

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FAQ

Why Bearish?

The ongoing losses and price hikes may deter new subscribers, potentially impacting AAPL's valuation.

How important is it?

The news underscores Apple's challenges in the streaming space, impacting investor confidence.

Why Short Term?

The pricing change will have immediate effects on subscription growth and user retention.

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