Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

Aug. 13, 2020, 11:14 a.m. EDT

Apple is planning to bundle its subscription offerings: report

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Apple Inc. (AAPL)
  • X
    Peloton Interactive Inc. (PTON)
  • X
    Match Group Inc. (MTCH)

or Cancel Already have a watchlist? Log In

By Emily Bary

Apple Inc. /zigman2/quotes/202934861/composite AAPL +2.39% is reportedly planning to offer bundles of some of its services that will give users a discount if they sign on with multiple offerings, according to Bloomberg News . The company's bundles could launch as soon as October when the company debuts its new iPhones, the Thursday report said. The forthcoming bundles could include a more basic plan that combines Apple Music and Apple TV+ as well as more expensive tiers that add on the Apple Arcade gaming service, the Apple News+ service, and iCloud storage, per the report. Apple is also looking at a subscription service for online fitness classes, according to Bloomberg. This offering could emerge as a rival to those services put out by Peloton Interactive Inc. /zigman2/quotes/208035743/composite PTON -0.84% and others, though Cowen & Co. analyst John Blackledge wrote that he wasn't too concerned about the impact to Peloton and likened the situation to Match Group Inc.'s /zigman2/quotes/207178501/composite MTCH +2.69% ability to withstand competition from Facebook Inc.'s /zigman2/quotes/205064656/composite FB +0.78% dating product due to its strong position in the market. Apple didn't immediately respond to a MarketWatch request for comment on its services plans. The stock is up 2.1% in Thursday trading and it's gained 50% over the past three months as the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.51% has increased 20%.

/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 114.96
+2.68 +2.39%
Volume: 137.67M
Sept. 28, 2020 4:00p
P/E Ratio
34.95
Dividend Yield
0.71%
Market Cap
$1946.64 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/208035743/composite
US : U.S.: Nasdaq
$ 96.91
-0.82 -0.84%
Volume: 34.56M
Sept. 28, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$28.21 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207178501/composite
US : U.S.: Nasdaq
$ 108.59
+2.84 +2.69%
Volume: 2.44M
Sept. 28, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
$1.15M
loading...
/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 256.82
+2.00 +0.78%
Volume: 18.83M
Sept. 28, 2020 4:00p
P/E Ratio
31.37
Dividend Yield
N/A
Market Cap
$725.94 billion
Rev. per Employee
$1.57M
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,584.06
+410.10 +1.51%
Volume: 405.06M
Sept. 28, 2020 5:06p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.