Reported 1 day ago
Apple's streaming service is reportedly losing $1 billion annually due to high churn rates and increasing competition. Since its launch in 2019, Apple has spent heavily on content but saw a sharp decline in its spending last year. With a churn rate of 7%, Apple's platform has been struggling against rivals like Netflix and Disney+. While the company's content has earned numerous accolades, its subscriber base remains low compared to competitors, raising concerns about its future in the streaming market.
Source: YAHOO