US EditionApple TV+ reportedly loses $1 billion a year, and that’s okay—for now
- Apple TV+ is reportedly losing more than $1 billion annually, despite having 45 million subscribers, according to The Information.
- Apple spends approximately $4.5 billion annually on content for Apple TV+, down from previous spending that reached $5 billion, as reported by The Information.
- In 2024, Apple's Services revenue reached $26.3 billion, marking a 14% increase year-over-year, highlighting the broader financial context for Apple TV+.
- Apple CEO Tim Cook reportedly cut the content budget by about $500 million in 2024 after questioning the effectiveness of high-profile promotions, according to The Information.
56 Articles
56 Articles
Apple TV+ is one of the most quality streaming platforms, but it doesn't end up hooking users like others, and it's a money strainer for Apple.
Apple TV+ Reportedly Losing $1 Billion a Year Despite Streaming Hits Such as Severance and Silo
Severance maker Apple is reportedly suffering massive losses on its Apple TV+ business as a result of creating costly films and TV shows for streaming. How much? Allegedly $1 billion a year.
But Apple is easily swallowing this so that the service can grow alongside Netflix in the long term.
The 33 best Apple TV+ shows, ranked
We're officially overloaded with streaming services by 2025, with each costing a pretty penny of your pay packet to keep. Whether you decide to shell out for a service typically comes down to the shows and movies on offer, whether you're looking for buzzy Netflix series or HBO prestige TV. But there's an underrated competitor in the mix, especially for TV shows.Apple TV+, Apple's own streaming service, has become better and better over the years…
Apple TV+ loses over $1bn annually
Apple Inc. is losing more than $1 billion per year on its streaming service, Apple TV+, according to a report by The Information on Thursday. The report revealed that the tech giant has been spending over $5 billion annually on content since launching Apple TV+ in 2019, though it trimmed this expenditure by approximately $500
Apple TV+ Bleeding Over $1 Billion Yearly As Streaming War Heats Up: Report - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)
The streaming service of Apple Inc. (NASDAQ:AAPL), Apple TV+, is reportedly incurring annual losses exceeding $1 billion. What Happened: Since its 2019 launch, Apple has been allocating over $5 billion annually to content for Apple TV+. However, this budget was cut by around $500 million last year. However, the losses are crossing $1 billion a year, the Information revealed on Thursday. Despite its original shows like “Ted Lasso” and “The Mornin…
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