Despite housing smash hit TV shows such as Severance and Silo and a whole hoard of original movies, Apple is apparently losing a lot of money on streaming.
A new report from the Information shows that Apple is losing over $1 billion a year on streaming. The loss is mainly due to the company overspending on content. This comes after Apple TV Plus did some cutting back in 2024, where they spent around $4.5 billion on content compared to the $5 billion they were shelling out a year since the streamer launched in 2019, as stated in the report.
