{"id":3893,"date":"2025-03-21T15:42:42","date_gmt":"2025-03-21T10:12:42","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=3893"},"modified":"2025-03-21T15:42:43","modified_gmt":"2025-03-21T10:12:43","slug":"apple-loses-1-billion-every-year-on-streaming-biz-cuts-spending-report","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/apple-loses-1-billion-every-year-on-streaming-biz-cuts-spending-report\/","title":{"rendered":"Apple loses $1 billion every year on streaming biz, cuts spending: Report"},"content":{"rendered":"\n

Tech giant Apple\u2019s video streaming business, Apple TV+ is incurring losses worth a billion dollars each year, according to a Reuters <\/em>report. <\/small><\/p>\n\n\n\n

Citing company sources, the report claimed that Apple has been reporting massive losses, forcing it to cut its spending. The tech giant is now spending $4.5 billion annually, down from $5 billion spent in the past few years since its launch in 2019. Apple TV+, which features an all-original lineup like\u00a0The Morning Show, Ted Lasso<\/em>, and\u00a0Severance\u00a0<\/em>among others, has nearly 45 million subscribers and the video streaming service is available to people in more than 100 countries and regions.<\/p>\n\n\n\n

Apple lags behind rivals<\/strong><\/p>\n\n\n\n

While the shows are garnering record viewership, the revenue of the company remains subpar. In terms of subscriber base, it is now lagging behind rivals like Netflix, Disney+, and Amazon\u2019s Prime Video. <\/small><\/p>\n\n\n\n

Citing the latest data by Visible Alpha, Reuters <\/em>report mentioned that industry leader Netflix had 301.63 million subscribers, while Disney+ had 124.6 million users followed by Warner Bros Discovery at 116.9 million. While Apple does not break down its subscriber base for Apple TV+ separately, it is estimated to have reached 40.4 million by the end of 2024. <\/small><\/p>\n\n\n\n

A\u00a0Hindustan Times<\/em>\u00a0report suggested that in February, an increase of two million subscribers was estimated for Apple TV+ thanks to its show \u2018Severance\u2019. The report further added that while the tech giant does not reveal its numbers and viewership figures for shows consistently, Severance became its most-watched show ever, and logged in over three billion streamed minutes.<\/p>\n\n\n\n

As competition heats up in the streaming industry, media companies are now trying to appeal to customers by increasingly bundling their services at discounted rates. Apple TV+ costs $9.99 per month in the US when bought separately, however, it is now part of the bundling services offered by Comcast that combines the service with Peacock and Netflix at $15 per month.<\/p>\n\n\n\n

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Tech giant Apple\u2019s video streaming business, Apple TV+ is incurring losses worth a billion dollars each year, according to a Reuters report.  Citing company sources, the report claimed that Apple has been reporting massive losses, forcing it to cut its spending. The tech giant is now spending $4.5 billion annually, down from $5 billion spent in the past few years since its launch in 2019. Apple TV+, which features an all-original lineup like\u00a0The Morning Show, Ted Lasso, … Continue reading “Apple loses $1 billion every year on streaming biz, cuts spending: Report”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":3894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-3893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=3893"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3893\/revisions"}],"predecessor-version":[{"id":3895,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3893\/revisions\/3895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/3894"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=3893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=3893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=3893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}