Apple losing over $1 billion a year on streaming service
www.rte.ie
Apple is losing more than $1 billion a year on its streaming service Apple TV+, the Information reported today, citing two people familiar with the matter.

Apple is losing more than $1 billion a year on its streaming service Apple TV+, the Information reported today, citing two people familiar with the matter.

Apple has spent more than $5 billion a year on content since launching Apple TV+ in 2019 but trimmed that budget by around $500 million last year, the report said.

  • brrtEnglish
    11·
    14 hours ago

    So since Apple is probably not just throwing money away… what other reason could they have?