Unlike other peers, the streaming service's small library focuses almost exclusively on original content like Severance and Ted Lasso.

Apple is losing more than $1 billion a year on streamer Apple TV+, according to a report in the Information that cited two people familiar with the matter. The tech giant has spent over $5 billion a year on content since launching Apple TV+ in 2019 but trimmed that by about $500 million last year,

Apple is still struggling to figure out how to make its streamer pay, according to a new report. Streaming profitability has been an elusive goal for most of the services on the market. Netflix, Disney+,