Apple reportedly losing over $1B a year on streaming service as subscriptions sit well below Netflix
1. Apple loses over $1 billion yearly on Apple TV+ streaming service. 2. Annual content spending exceeds $5 billion, trimmed by $500 million recently. 3. Apple TV+ has estimated 40.4 million subscribers, lagging behind major competitors. 4. Apple bundles TV+ with services like iCloud and Apple Music to increase appeal. 5. Rising competition pressures companies to offer bundled services at discounted rates.