An Apple Services Bundle Could Be as Powerful as Amazon Prime
Apple (NASDAQ: AAPL) is working on packaging its popular Apple Music streaming music service with its soon-to-be-launched Apple TV+ streaming video service. It's facing a slight hiccup in its negotiations with record labels, according to a report from Financial Times, but Apple still largely controls its bundling destiny. It's willing to bring together Apple Music and Apple TV+ for just $12.99 per month -- a $2 per month discount -- without changing its royalty payment structure to labels.
Apple is also considering a bigger bundle of services that could add Apple Arcade and Apple News+ into the mix. The company also offers subscriptions for iCloud and Apple Care, not to mention the iPhone Upgrade Program, which lets consumers upgrade to the tech company's latest and greatest iPhone every year for a flat monthly fee. With Apple's growing portfolio of subscription options, it has the potential to offer consumers a bundled package that could prove just as important to its business as Prime is to Amazon (NASDAQ: AMZN).
Image source: Apple.
Source Fool.com
