YouTube TV's Price Hike, FTC Finalizes Epic Games Fine, Foxconn's 2023 Outlook (Daily Update)
Hello everyone. Happy Monday. Let's jump into a new week of updates.
We begin with Neil’s thoughts on YouTube announcing another price hike for YouTube TV. There are two broader debates surrounding the price increase. The discussion then turns to the FTC finalizing its (second) fine against Epic Games for deceptive business practices. We conclude with Foxconn’s latest comments on 1Q23 and 2023 business trends.
YouTube TV's Price Hike
In a series of tweets published last Thursday, here’s YouTube TV:
“An update for our members. As content costs have risen and we continue to invest in our quality of service, we’ll be adjusting our monthly cost, after 3 years, from $64.99/mo to $72.99/mo, in order to bring you the best possible TV service.
New members will see this new price today, while existing members will see this pricing change beginning 4/18. Additionally, we are lowering the price of our 4K Plus add-on from $19.99/mo to $9.99/mo.
We are committed to offering a premium way for you to stream TV, but understand this new price may not work for you. We do hope YouTube TV continues to be your service of choice, but we want to give you the flexibility to cancel at any time.”
The $8/month hike is the latest price change in what has been a somewhat consistent trend of periodic increases.
2017: $35 launch
2018: $40 (+14%)
2019: $50 (+25%)
2020: $65 (+30%)
2023: $73 (+12%)
13% CAGR (compound annual growth rate) from 2017 to 2023)
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