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Apple losing over $1 billion a year on streaming service, the Information reports

March 20 (Reuters) - Apple (AAPL.O), opens new tab is losing more than $1 billion a year on its streaming service, the Information reported on Thursday, citing two people familiar with the matter.The tech giant has spent more than $5 billion a year on content since launching Apple TV+ in 2019 but trimmed it by around $500 million last year, the report said.The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here.Apple did not immediately respond t...

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