Apple Raises iCloud Storage Prices By Up To 28% In The UK And Other Countries
Portfolio Pulse from Rounak Jain
Apple Inc. has increased the prices of its iCloud storage services by up to 28% in the UK and several other countries. The price hike affects all three storage tiers – 50GB, 200GB, and 2TB. iCloud+ users will now have to pay more for storage in countries including the UK, UAE, Saudi Arabia, South Africa, Sweden, Turkey, Poland, Romania, and Tanzania.
June 28, 2023 | 9:13 am
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Apple's decision to increase iCloud storage prices could potentially lead to increased revenues, but may also risk alienating some users. The impact on the stock price is uncertain.
The price increase for iCloud storage could lead to increased revenues for Apple, which could positively impact the company's stock price. However, the price hike could also alienate some users, potentially leading to a decrease in user base and negatively impacting the stock. The net effect on the stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100