Apple’s video streaming company is still sturdy in red, according to a new report.
The Apple TV+ Premium subscription service loses more than $ 1 billion a year, according to an anonymous produced report by the information published on Thursday. The tech giant spends around $ 4.5 billion annually on content, a decrease of $ 5 billion in recent years, according to the article. Apple TV+with almost a completely original line-up-up has around 45 million subscribers, according to the report.
Representatives for Apple did not respond to a request for comments.
Of course, $ 1 billion in annual losses are practically a completion error for Apple in the context of its overall activities, which is usually fed by iPhone sales. Apple generated $ 391 billion in income and achieved a net profit of $ 93.7 billion for his financial year that ended in September 2024.
The company does not reveal financial or subscriber statistics for Apple TV+. The streaming company is part of Apple’s services segment, including Apple Music, the App Store and other companies. Sales in the Services segment achieved $ 26.3 billion before the end of 2024 years, an increase of 14% years after year.
Shows on Apple TV+ Include Emmy-Winners “Ted Lasso” Starring Jason Sudeikis (Recently Renewed for Season 4) and “The Morning Show,” as well as “Severance,” “Silo,” “Shrinking,” “Bad Sisters,” “” Disclaimer, “he”, “Disclaimer,” ” “Loot,” “Palm Royale” and “Masters of the Air.”
Movies on the service are “Killers of the Flower Moon” by Martin Scorsese and the Oscar-winning “Coda”, as well as “Fly Me To The Moon”, with Scarlett Johansson and Channing Tatum; “The family plan”, with Mark Wahlberg and Michelle Monaghan; Action comedy “Wolfs” with George Clooney and Brad Pitt; And “The Instigators” with Matt Damon and Casey Affleck. Apple TV+ is also the home of “Friday Night Baseball”, a weekly MLB-double header available in the US and other countries without local temporary employment restrictions.
Apple TV+ in the US costs $ 9.99/month (or $ 99.99/year). Under the most important streaming services for subscription, it is the only one that offers no advertisement lower-supported layer. Apple TV+, which will be launched in November 2019, is available in more than 100 countries and regions.
(Shown above: Adam Scott in Apple TV+ original series “Severance”)