1209
Apple jacks prices to juice profits because $19.3B a quarter isn't enough
(www.theregister.com)
this post was submitted on 26 Oct 2023
1209 points (96.1% liked)
Technology
59711 readers
5729 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
Subscription pricing has been on the rise for nearly every service imaginable, and Apple isn't about to miss the opportunity to squeeze its customers for a little more.
In a statement provided to The Register, Apple said it'd begun rolling out new subscription pricing "in the US and select international markets."
Apple typically notifies customers by email of upcoming price increases, but this humble vulture has yet to receive such a notice.
"We are focused on delivering the best experiences possible for our customers by consistently adding high-quality entertainment, content, and innovative features for our services."
In August, executives boasted that services revenues reached an all-time high in Q3, with the company counting over a billion paid subscriptions.
Last quarter Apple as a whole made $221 million a day in profit and paid an effective tax rate of 12.5 percent [PDF].
The original article contains 378 words, the summary contains 141 words. Saved 63%. I'm a bot and I'm open source!