Apple is reportedly losing $1B per year on its streaming service

Apple is losing more than $ 1 billion per year in his streaming service, Apple TV+, according to a new report InformationThe Apple TV+ is the only service in Apple’s portfolio, which is not profitable, publishes the report.

Since the launch of the streaming service in 2019, the company has spent about $ 5 billion per year on content, but in 2021, the number has been reduced to $ 1.8 billion. Apple TV+ “Severence,” “Ted Lasso,” “The Morning Show,” “Silo,” and “Shrink” are known for main events.

Apple TV+ Productions, despite the nomination and win of more than 2,500 awards, the streaming service is lagging behind Netflix, Disney+ and Amazon Prime video for customers.

Although Apple does not disclose how many customers have its streaming service, the report says that Apple TV+ has an estimated 45 million subscribers. In context, Netflix Leads the streaming industry With 301 million customers.