It Wasn't the Apple TV+ Spend, It Was the Apple TV+ Strategy
"Apple is Losing Over $1 Billion a Year on Streaming Service" – the literal headline number in this report about Apple TV+ by The Information looks scary. Apple is doomed, right? While it's a nice, big round number, context matters. Losing $1B a year on anything would be a gargantuan amount for most companies and certainly all media companies. But Apple, as the most valuable and profitable company in the world, could afford to lose 10x this amount and it still wouldn't matter.Well, it undoubtedl...
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