Apple is reportedly losing $1 billion (€923 million) a year on its streaming service. As the last episode of the second season of its hit show ‘Severance’ airs this week, it’s a damning indictment of the tech firm’s Netflix competitor.
Two sources close to the company confirmed to The Information that the tech firm has spent $5 billion (€4.62 billion) a year on Apple TV+ since it launched in 2019.
