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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
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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!