Apple TV+ Bleeding Over $1 Billion Yearly As Streaming War Heats Up: Report - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)
1. Apple TV+ incurs annual losses exceeding $1 billion since its launch in 2019. 2. Apple has cut its content budget by $500 million last year. 3. Apple TV+ struggles to compete with Netflix and Disney+ in subscriber growth. 4. The service is projected to incur $15-$20 billion losses by 2029. 5. Apple aims to strengthen its ecosystem through Apple TV+'s selective content strategy.