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Apple raises streaming prices despite record revenue; Amazon invests $250B in AI.

Market News
28 Aug 2026
Fox Business
View Source
Neutral
pluang ai news

Apple increased prices for its Apple TV+ streaming service and Apple One bundle, following a trend among major streaming platforms. This comes as Apple reported a record $109.4 billion revenue for the June quarter, driven by a 22% rise in iPhone sales and strong Mac revenue. Meanwhile, Amazon announced a $250 billion investment in artificial intelligence, signaling a major focus on AI technology. Apple's price hikes reflect industry-wide adjustments amid growing content and service costs.

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