In February, the Swedish music streaming giant Spotify revealed its plans to introduce a Hi-Fi CD-quality, lossless audio tier later this year. If a new report is anything to go by, it looks like Apple is planning to follow suit and introduce an Apple Music Hi-Fi tier, probably even before Spotify does.

The rumor comes from Hits Daily Double (via MacRumors) citing music label sources. As per the report, Apple is likely to announce the new Hi-Fi tier in the coming weeks. One key factor worth noting here is the price. While Spotify Hi-Fi is expected to be costlier than its regular plans, Apple Music may offer Hi-Fi at the same $9.99 price point.