Comment on Apple Loses $1 Billion Annually on Apple TV+ | Report
lepinkainen@lemmy.world 4 weeks ago
Apple is producing original content that they own, it’s not going anywhere and will produce “value” for them in perpetuity.
And if they’re cash strapped they can sell the license for, say, Ted Lasso to Netflix.
veroxii@aussie.zone 4 weeks ago
I don’t know the latest value but in 2013 Apple had like $162 billion in cash reserves on hand. Burning a billion a year is nothing especially as you say they’re just ‘art banking’ it for the future.