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submitted 9 months ago* (last edited 9 months ago) by Tea@programming.dev to c/technology@lemmy.world

Apple is losing more than $1 billion a year on its streaming service Apple TV+, the Information reported today, citing two people familiar with the matter.

Apple has spent more than $5 billion a year on content since launching Apple TV+ in 2019 but trimmed that budget by around $500 million last year, the report said.

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[-] lepinkainen@lemmy.world 16 points 9 months ago

Apple has a literal 100 billion in cash reserves. They’ll be just fine with losing a billion a year while becoming THE source for premium TV content

[-] kevincox@lemmy.ml 11 points 9 months ago

Just looking at the numbers, they are spending $5G and losing $1G. Their subscriptions are growing. So if they grow another 25% they are making money. (Ignoring infrastructure costs which are most likely a tiny fraction of per-user revenue.) They also just launched an Android app. So I think their story is looking pretty good. Not even considering that it raises the value of Apple TV hardware, their other devices and gives them more lock-in for customers in general that seems like a great investment they made.

[-] athairmor@lemmy.world 3 points 9 months ago

*citation needed

They don’t say where they get these numbers other than “two people” cited in a paywalled article.

Apple One has over 1 billion subscribers. I’m sure they can afford a loss leader like that.

The only way to know if this true is if Apple says so or they just stop producing content.

[-] aldfin@lemm.ee 3 points 9 months ago

Apple TV+ is a great service, good app interface and some decent series there too. Too bad I had to get rid of it due to the current US administration and their policies. Apart from the default apps I switched everything to European and/or non-profit open source alternatives, which was surprisingly easy.

[-] tleb@lemmy.ca 1 points 9 months ago

good app interface

Maybe it's because I don't use any other Apple products, but I struggle with its interface

[-] Graves396@lemmy.world 1 points 9 months ago

Interesting

[-] Spacehooks@reddthat.com 1 points 9 months ago

Really liked mythic quest and after party. Could not recommend it more.

[-] cupcakezealot@lemmy.blahaj.zone 1 points 9 months ago

stop cancelling schmigadoon and central park the only two shows on apple tv i liked.

this post was submitted on 20 Mar 2025
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