r/movies • u/MarvelsGrantMan136 r/Movies contributor • 16d ago

News Apple Losing Over $1 Billion a Year on Streaming Service

https://www.reuters.com/technology/apple-losing-over-1-billion-year-streaming-service-information-reports-2025-03-20/
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u/realshockin 16d ago

What will they do in 65 years if they don’t make any more profit tough?

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u/TraptNSuit 16d ago

Based on the phrasing of this question no profit for 65 years and no loss means they will still have $65 billion + interest.

So.... Continue to have hundreds of billions of dollars on hand?

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u/Not_MarshonLattimore 16d ago

Apple sold 70 billion dollars worth of iPhones in quarter one of last year

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u/swisspassport 16d ago

Which accounted for over 55% of TOTAL revenue for the company, $124.3B.

Without digging through the numbers, the profit on iphones is roughly 30% to 40%, so being generous I'd say iphone sales created almost THIRTY BILLION DOLLARS IN PROFIT.

IN A QUARTER.

That AppleTV+ loss is a fucking rounding error on the income statement.

I'm glad though, we're getting decent entertainment and I hope they never shut it down if it isn't/doesn't become profitable. I need my Severance Season 3!

It's sort of like a "subsidy for the arts".