Apple TV+ officially has a launch date and a price tag.
At $4.99, Apple's TV+ is less than half the cost of Netflix's (NFLX - Get Report) 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 (DIS - Get Report) 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."
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