Apple reportedly losing over $1B a year on streaming service as subscriptions sit well below Netflix
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 is losing more than $1 billion a year on its streaming service, the Information reported on Thursday, citing two people familiar with the matter.
The tech giant has spent more than $5 billion a year on content since launching Apple TV+ in 2019 but trimmed it by around $500 million last year, the report said.
Apple did not immediately respond to a Reuters request for comment.