APPLE LOSES $1B A YEAR ON PRESTIGIOUS, MINIMALLY VIEWED APPLE TV+

Summary from the TLDR newsletter

The Apple TV+ streaming service is losing more than $1 billion annually. The service's subscriber count reached around 45 million in 2024. Apple TV+ typically spends over $5 billion annually on content, but it cut its budget by about $500 million last year. It is reportedly the only part of Apple's services business that is not turning a profit. While its library boasts prestige, its viewership is scant, hindering its ability to make money.