AppleTV+ Losing A Billion Dollars A Year
Apple TV+ is reportedly losing over $1 billion per year, despite spending $5 billion on acclaimed programs like Ted Lasso.
When you compare the sheer number of subscribers, their 45 million subscribers don’t touch competitors like Netflix (300 million) and Disney+ (126 million). However, Apple had $94 billion in overall profit last year so they can take the loss in stride.