Apple TV+, Apple Inc (NASDAQ:AAPL, ETR:APC)'s streaming service, is losing more than $1 billion per year despite growing to about 45 million subscribers in 2024, according to a report by The Information. This makes Apple TV+ the company's only subscription service that is not profitable.
Apple is losing more than $1 billion a year on its streaming service, the Information reported on Thursday, citing two people familiar with the matter. The tech giant has spent more than $5 billion a year on content since launching Apple TV+ in 2019 but trimmed it by around $500 million last year, the report said.
The recent stock market correction driven by Trump tariff threats (call it the Trump slump, if you will) has caused some of the more cautious investors out there to rotate into more defensive names and assets.
February investments fell below $1,000, mainly in BDCs like Owl Rock Capital and Ares Capital, boosting annual dividend income by $77. Dividend income hit a new February record of $505, up 5% Y/Y driven by organic dividend growth. Focus remains firmly on maintaining rising BDC dividends and achieving a monthly increase of at least $100 in dividend income.
Apple is losing more than $1 billion a year on its streaming service Apple TV+, the Information reported on Thursday, citing two people familiar with the matter.
Following continuous trade tensions between the European Union and the United States, the European Commission moved forward with the enforcement of its digital antitrust rules on Alphabet's Google and Apple.
Every investor has heard of Apple (AAPL 1.15%). The consumer tech juggernaut has worked out to be a fantastic investment.
Artificial intelligence (AI) is a huge opportunity for a device maker like Apple (AAPL 1.15%) to take advantage of. With more than 2.2 billion active Apple devices in the world, if the company can use AI to help create a new income stream for its operations, that can be a huge growth catalyst for the business, which is something Apple needs given its underwhelming growth in recent years.
The European Union issued fresh warnings to Apple and Google over potential violations of its strict digital rules on Wednesday – a move that will likely escalate tensions between the EU and President Trump.
The European Union defied U.S. threats of retaliation Wednesday by accusing Google of violating its digital rules—which could trigger hefty fines—and ordering Apple to make its iPhone interact better with rivals' devices.
European Union regulators said the tech giants likely violated the law by unfairly boxing out smaller competitors, adding to tensions between Europe and the United States
Apple Inc (NASDAQ:AAPL, ETR:APC) and Google parent Alphabet Inc (NASDAQ:GOOG) have been told by the European Union that they have both failed to operate with the bloc's Digital Markets Act. The pair are the first to be told by the EU's executive arm how they must comply with the new rules, which took effect last year.