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

Apple is planning to bundle its subscription offerings: report

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By Emily Bary

Apple Inc. /zigman2/quotes/202934861/composite AAPL +3.75% 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 +10.35% 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 +2.24% ability to withstand competition from Facebook Inc.'s /zigman2/quotes/205064656/composite FB +2.12% 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 +1.34% has increased 20%.

/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 112.28
+4.06 +3.75%
Volume: 149.98M
Sept. 25, 2020 4:00p
P/E Ratio
34.13
Dividend Yield
0.73%
Market Cap
$1946.64 billion
Rev. per Employee
$1.98M
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/zigman2/quotes/208035743/composite
US : U.S.: Nasdaq
$ 97.73
+9.17 +10.35%
Volume: 45.87M
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$28.21 billion
Rev. per Employee
N/A
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/zigman2/quotes/207178501/composite
US : U.S.: Nasdaq
$ 105.75
+2.32 +2.24%
Volume: 1.85M
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
$1.15M
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 254.82
+5.29 +2.12%
Volume: 18.35M
Sept. 25, 2020 4:00p
P/E Ratio
31.13
Dividend Yield
N/A
Market Cap
$725.94 billion
Rev. per Employee
$1.57M
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,173.96
+358.52 +1.34%
Volume: 391.73M
Sept. 25, 2020 5:06p
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