Apple‘s video streaming business is still firmly in the red, according to a new report.
The Apple TV+ premium subscription service is losing more than $1 billion per year, according to an anonymously sourced report by The Information published Thursday. The tech giant is spending around $4.5 billion on content annually, down from $5 billion in past years, according to the article. Apple TV+ — which features virtually an all-original lineup — has about 45 million subscribers, per the report.
Reps for Apple did not respond to a request for comment.
Of course, $1 billion in annual losses are practically a rounding error for Apple in
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