[1/2] An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015.
REUTERS/Mike Segar/File Photo Acquire Licensing RightsOct 25 (Reuters) - Apple (AAPL.O) on Wednesday increased the subscription prices of Apple TV+ and Apple News+, according to its website, the latest company to raise rates following similar moves by media giants.
The per month price of Apple TV+ has been increased by $3 to $9.99, while Apple News+ has been priced at $12.99, up from $9.99.
Recently, streaming giants Netflix (NFLX.O) and Disney (DIS.N) too had raised their prices as they look to boost growth amid intense competition.
Netflix increased subscription prices for some streaming plans in the United States, Britain and France when it reported results last week.
Persons:
Mike Segar, Anirudh Saligrama, Shweta Agarwal
Organizations:
Apple, REUTERS, Netflix, Disney, Hulu, Thomson
Locations:
Manhattan, New York City, United States, Britain, France, Bengaluru