Apple TV+ is reportedly losing $1 billion annually

Apple TV+ is bleeding cash as part of a larger slowdown in Apple’s services sector, per a recent report by Wayne Ma of The Information. The report indicates that Apple TV+ stands alone among Apple’s subscription offerings as the sole unprofitable service. Despite its subscriber base climbing to roughly 45 million last year, the platform continues to rack up annual losses exceeding $1 billion. Since its debut in 2019, Apple has poured over $5 billion annually into content, though tha