"Apple TV+ Expenditure Has Crossed $20B, Making It Unsustainable; Company Executive Taking Various Measures To Bring Costs Down Considerably" - WCCFtech
Portfolio Pulse from Benzinga Newsdesk
Apple TV+ has spent over $20 billion on content, leading to unsustainable costs. Apple executive Eddy Cue is working with Hollywood studio chiefs to reduce expenses and make the streaming service more profitable.
July 22, 2024 | 4:36 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Apple's streaming service, Apple TV+, has spent over $20 billion on content, leading to unsustainable costs. Eddy Cue is working with Hollywood studio chiefs to reduce expenses and make the service more profitable.
The high expenditure on Apple TV+ content has led to unsustainable costs, which could negatively impact Apple's profitability in the short term. Efforts to reduce costs may take time to show results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100