https://www.indiewire.com/news/business/apple-tv-reportedly-loses-1-billion-streaming-1235110323
But it supposedly also has 45 million subscribers, and with $124.3 million in revenue.
Per the company’s most recent earnings, the three months ending in January saw Apple bring in $124.3 billion in revenue, $26.3 billion of which came from Services, a record for the division. That’s just for one quarter. For the year, Services brought in more than $96 billion. It can afford to absorb a billion dollars in losses.
https://spyglass.org/apple-tv-plus-strategy
It Wasn’t the Apple TV+ Spend, It Was the Apple TV+ Strategy
