this post was submitted on 20 Mar 2025
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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 25 points 18 hours 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

[–] Spacehooks@reddthat.com 3 points 14 hours ago

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

[–] kevincox@lemmy.ml 24 points 1 day 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.

[–] floo@retrolemmy.com 34 points 1 day ago (2 children)

That’s sad to hear. The content on there is amazing for the most part. But, apparently, not cluttering it up with a bunch of junk is actually costing them somehow.

[–] Semi_Hemi_Demigod@lemmy.world 28 points 1 day ago (1 children)

It’s a loss leader. They make money selling the hardware and use AppleTV as a feature. That’s why the content is so good; it has to be to make it a compelling addition to their existing products.

[–] Ulrich@feddit.org 5 points 1 day ago (1 children)

That would make sense if it wasn't available on every other platform.

[–] brrt@sh.itjust.works 11 points 1 day ago (1 children)

It’s still good marketing. People will associate a good service, with good/great shows/movies and without all the fluff that Netflix has, with a good company.

[–] paraphrand@lemmy.world 14 points 1 day ago

Good content is expensive. And from what I understand, the financials are all fucked up across the industry.

Just look at Netflix, they just blew $320 million on a huge piece of garbage, The Electric State.

[–] athairmor@lemmy.world 26 points 1 day ago (1 children)

*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.

[–] KoalaUnknown@lemmy.world 2 points 10 hours ago* (last edited 10 hours ago)

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

This is not true. According to a 2022 Press Release, Apple has 900 million paid subscriptions across ALL Apple services. Many of which are App Store-based subscriptions for third party services. The figure also includes things like Apple Care and Apple Financial Services.

[–] aldfin@lemm.ee 18 points 1 day ago (1 children)

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 2 points 1 day 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 20 hours ago

Interesting

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