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Report claims Apple could cut Beats Music subscription to just $5 a month

<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p><a href='http://www.imore.com/report-claims-apple-could-cut-beats-music-subscription-just-5-month' title="Report claims Apple could cut Beats Music subscription to just $5 a month"><img src='http://www.imore.com/sites/imore.com/files/styles/large_wm_brw/public/field/image/2014/01/beatsmusiciphone.jpg?itok=yvMGRE0S' />[/url]</p> <p>Hot on the heels of Spotify creating a new family plan for its music streaming service (http://www.imore.com/spotify-announces-new-family-plan), a new report claims Apple could cut the price of its competing Beats Music (http://www.imore.com/beats-music-iphone-ipad) subscription service to just $5 a month.</p> <!--break--> <p>Re/code, citing unnamed sources, claims that Apple is using an interesting idea as the basis for their possible price cut. It claims people purchase $60 worth of music via iTunes (http://www.imore.com/itunes) a year or about $5 a month. So if Beats Music lowered its service to $5 a month, that would still generate about as much money for the various music labels if iTunes users switched over, and that audience could grow beyond iTunes' users.</p> <p>Apple is also rumored to have plans for a major rebrand of the Beats Music service sometime in 2015 (http://www.imore.com/apple-rumored-march-beat-its-own-drums-without-beats-music) with an all new name, so it's possible a new price point could be part of that revamp. Would you subscribe to Apple's streaming music service if it went down to $5 a month?</p> <p>Source: Re/code (http://recode.net/2014/10/20/spotify-lowers-its-music-prices-using-a-family-plan-apple-wants-to-go-lower/)</p> </div></div></div><div id="comment-wrapper-nid-27794"></div><img width='1' height='1' src='http://tipb.com.feedsportal.com/c/33998/f/616881/s/3fa3657f/sc/36/mf.gif' border='0'/><br clear='all'/>

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Source: Report claims Apple could cut Beats Music subscription to just $5 a month (http://feedproxy.google.com/~r/TheIphoneBlog/~3/aJ7BooW4xKA/story01.htm)