Apple TV+ reportedly loses $1 billion a year, and that’s okay—for now

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…

Apple loses over $1 bil. annually on streaming service, reports the Information

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

Apple TV+ reportedly loses $1 billion a year, and that’s okay—for now

The Information report claims notable losses for Apple’s only service in the red.