Apple TV+, Apple’s video streaming service, has been in operation for over 5 years. However, Apple has never disclosed the number of subscribers or the revenue figures for this segment of their business.
Information from The Information indicates that Apple TV+ operates at a loss of around $1 billion per year. The subscriber count at the end of last year was approximately 45 million accounts, with Apple investing about $5 billion annually in content production on the platform.
While initial losses in the early stages of service provision may not be unusual for a streaming video business, a $1 billion loss can be considered quite substantial. Despite Apple reporting a profit in the latest quarter of $36 billion, the losses from Apple TV+ are still significant.
Source: 9to5Mac
TLDR: Apple TV+ has been running for over 5 years, operating at a loss of around $1 billion annually with approximately 45 million subscribers. Despite recent profits, the losses from Apple TV+ remain a significant concern.
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