Apple reportedly losing over $1B a year on streaming service as subscriptions sit well below Netflix
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Apple is reportedly losing over $1 billion annually on its streaming service, Apple TV+, as subscriptions remain significantly lower than Netflix. Despite spending over $5 billion annually on content since 2019, Apple reduced this expenditure by $500 million last year.
March 20, 2025 | 4:30 pm
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Apple is facing significant financial losses on its streaming service, Apple TV+, with over $1 billion lost annually due to lower subscription numbers compared to competitors like Netflix.
Apple's significant financial losses on Apple TV+ highlight challenges in competing with established streaming services like Netflix. The reduction in content spending suggests a strategic shift, potentially impacting investor sentiment negatively in the short term.
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RELEVANCE 100