Apple TV+ Streaming Service Losing More Than $1 Billion per Year
It’s clear that Apple TV+’s influence is relatively small, with only around 45 million subscribers worldwide compared to Netflix’s massive 300 million. This could be due to the fact that Apple TV+ primarily concentrates on its own productions, unlike other services that boast extensive libraries of past content. For instance, Peacock offers almost 4,000 movies and over 1,100 TV shows, while Paramount+ leverages popular series like Yellowstone even as it streamlines its catalog. Apple’s approach of focusing exclusively on original content may attract quality-over-quantity fans, but it could also turn off viewers seeking a wider variety of options.