Secret to Success of Apple TV+? 'Millennials Don't Want Too Many Monthly Bills'
Apple TV+ officially has a launch date and a price tag.
At an Apple event Tuesday, Sept.
10, it was revealed that Apple would be releasing Apple TV+ in November for $4.99 a month.
At $4.99, Apple's TV+ is less than half the cost of Netflix's most popular streaming video plan, its Standard plan which allows for HD streaming on up to two devices at a time.
Apple TV+ is also priced lower than the $6.99 at which Walt Disney plans to offer its new service, Disney+--which will be released later this year.
Jim Cramer said that the $4.99 price point is a selling point for millennials, who "do not want to have too many monthly bills." Premium Pick: Jim Cramer: 4 Reasons to Buy Starbucks, Chipotle and These 6 Stocks Now Trivia: Can You Name This Only-Colonial Era Church in NYC?
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