According to a new report, tech giant Apple is gearing up to launch a new subscription service dubbed ‘Apple One’ to to bundle together its services.

Bloomberg has reported that Apple will release a “series of bundles” which will allow customers to subscribe to several of the company’s services – from Apple Music to Apple News+ – for a lower monthly cost.

It has also been reported that there will be different tiers, such as a basic packages as well as more premium bundles.

The launch of Apple One is expected to generate more recurring revenue, with more Apple users subscribing to more services.

Apple One will reportedly launch in October to coincide with the release of the forthcoming iPhone.