Apple's TV+ Subscription Service to Debut in November at $4.99 a Month
September 10 2019 - 2:22PM
Dow Jones News
By Tripp Mickle
Apple Inc. on Tuesday kicked off its annual product showcase by
announcing its new TV service will cost $4.99 and be free for a
year to anyone who buys a new iPhone, iPad or Mac, a move that aims
to deepen interest in new gadgets by coupling them with access to
TV shows.
The offering of TV+ free to people who buy new devices speaks to
the challenge confronting Apple as it tries to persuade customers
to upgrade iPhones at a time when handset advances feel
increasingly incremental. The trio of new iPhones it is expected to
unveil on Tuesday will include a new rear camera and some new
colors such as green and purple, according to people familiar with
the plans.
Apple TV+, which will offer up shows such as Reese Witherspoon's
"The Morning Show," arrives Nov. 1 and will add new shows in the
months afterward.
Apple also said its new videogame service, Arcade, will debut
Sept. 19 and cost $4.99 a month for access to unlimited games such
as "Frogger in Toy Town," a modern take on the 1980s arcade
game.
Apple's decision to kick off its event with pricing for its new
services, TV+ and Arcade, underscored how central those offerings
are to the company's future. It is in the midst of transitioning
from a hardware-focused business to one that increasingly sells
software and services across the millions of iPhones and iPads it
has already sold.
The strategic shift pushes it into unfamiliar areas where it
will be tested by new competitors with deeper pockets and more
content such as Netflix Inc., which charges $12.99 a month for its
standard service, and Walt Disney Co., which will launch a new
streaming service in November for $6.99 a month.
Apple Chief Executive Tim Cook touted the price for TV+, saying
it was comparable to a movie rental on iTunes. "This is crazy," Mr.
Cook said.
Write to Tripp Mickle at Tripp.Mickle@wsj.com
(END) Dow Jones Newswires
September 10, 2019 14:07 ET (18:07 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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