Good News to all you Apple Music users! Looks like you might be paying a little bit less to enjoy your music on this streaming service. According to Digital Music News, the tech giant is considering lowering the price of Apple Music to $7.99 per month for one user and $12.99 for six.
The report claims Apple could cut prices down by 20%, which would allow the company to better compete with services such as Spotify and Amazon Music. The report also claims that the price cut could be a holiday promotional discount, but it’s not yet entirely clear if the lower prices will extend past the holidays.
A price drop for Apple Music could help with the competition but the company might have to deal with angry artists and labels in the process, especially considering the initial drama surrounding Apple Music’s three-month free trial. Amazon recently announced its new Music Unlimited Service, which comes in at $7.99 USD per month for Prime users and $3.99 USD for users with an Amazon Echo device. Spotify has also offered heavy discounts to its services.
Of course, news like this are still rumors, but it would be nice to see a drop in the prices. So no promises just yet!