| From: Jon Koplik | 3/21/2025 3:56:18 PM | | | | | | Reuters -- Apple losing over $1 billion a year on streaming service ...............................
March 20, 2025
Apple losing over $1 billion a year on streaming service, the Information reports
By Reuters
March 20 (Reuters) -- Apple 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.
Apple did not immediately respond to a Reuters request for comment.
Apple TV+, known for original shows such as "Ted Lasso", "The Morning Show", "Shrinking", and "Severance", has lagged behind rivals Netflix, Disney+ and Amazon.com's Prime Video in terms of subscribers.
Industry leader Netflix had a total subscriber count of 301.63 million, according to the latest data, while Disney+ had 124.6 million users followed by Warner Bros Discovery at 116.9 million.
The iPhone maker does not break down the subscribers for Apple TV+ but it is estimated to have reached 40.4 million at the end of 2024, according to five analysts polled by Visible Alpha.
Apple TV+ productions have earned more than 2,500 nominations and 538 wins, CEO Tim Cook said in a post earnings call in January.
As competition heats up in the streaming industry, media companies are increasingly bundling their services at discounted rates to appeal to price-conscious consumers.
Apple TV+ is part of a bundle offered by Comcast that combines the service with Peacock and Netflix at $15 per month. Apple TV+ costs $9.99 per month in the U.S when bought separately.
The Cupertino, California-based company also bundles Apple TV+ with services such as iCloud, Apple Music and others under the Apple One program.
© 2025 Reuters.
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| From: zax | 3/26/2025 5:01:42 PM | | | | | | Apple Barred From Google Antitrust Trial, $20 Billion Search Deal at Risk
apple.slashdot.org
A U.S. appeals court has ruled that Apple cannot participate in Google's upcoming antitrust trial, potentially jeopardizing a $20 billion annual deal between the tech giants. The DC Circuit Court of Appeals affirmed that Apple waited too long to join the proceedings, filing its request 33 days after the government proposed remedies in the case Google lost last August.
"The delay seems difficult to justify," the judges ruled. While Apple can still submit written testimony and file friend-of-court briefs, it cannot present evidence or cross-examine witnesses as it had sought. At stake is Google's practice of paying Apple approximately $20 billion annually to remain the default search engine in Safari browsers across Apple devices. The government's proposed remedies would make such arrangements impermissible. |
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| From: zax | 4/4/2025 2:11:58 PM | | | | | | Expert warns of 'economic Armageddon,' $3,500 iPhones from tariffs
finance.yahoo.com
One of Wall Street's most unrelenting tech bulls now sees "dark days" ahead for the tech trade as the reality of expansive new tariffs sets in. It's a sign that as times change, people do too, Yahoo Finance's Myles Udland wrote.
"The concept of taking the US back to the 1980's 'manufacturing days' with these tariffs is a bad science experiment that in the process will cause an economic Armageddon in our view and crush the tech trade, AI Revolution theme, and overall industry in the process," Wedbush analyst Dan Ives wrote in a note to clients on Friday.
Ives offered another warning about the economic pain that these tariffs could bring to US consumers: He noted that the cost of an Apple ( AAPL) iPhone might triple.
"50% China tariffs, 32% Taiwan tariffs would essentially cause a shut-off valve from the US tech landscape and in the process cause every electronic to go up 40%-50% for consumers, iPhones made in the US would cost $3,500 (vs. $1,000), and the AI Revolution trade would be significantly slowed down by these head scratching tariffs that NEED to be negotiated to realistic levels." (Emphasis added.)
... finance.yahoo.com |
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| From: zax | 4/7/2025 4:41:35 PM | | | | | | Apple’s collapse proves cosying up to Trump is no guarantee of safety
The big tech giant’s close relationship with the president has failed to protect it from trade war chaos
telegraph.co.uk
For years, Tim Cook has become something of a horse-whisperer figure in his dealings with Donald Trump.
“Tim Cook calls Donald Trump directly,” the US president said of Apple’s chief executive during his first term in 2019, speaking in the third person.
“That’s why he’s a great executive. Because he calls me and others don’t.” Other bosses, he said, “go out and hire very expensive consultants”.
Despite Trump being deeply unpopular with much of Apple’s Silicon Valley workforce, Cook – a seasoned corporate diplomat – maintained a warm relationship with him, steadily navigating the White House’s choppy trade war against China.
His lobbying was crucial to Apple securing exemptions for billions of dollars in imports of Chinese-made smartwatches and other components. Trump, meanwhile, claimed to have brought Apple manufacturing back to the US when he toured a Mac computer factory in Texas (the factory had been open since 2013, but Apple did not correct the president).
But on Wednesday, Cook’s delicate manoeuvres seemed to hit a brick wall.
Trump imposed crushing tariffs not only on China, where the majority of Apple’s iPhones are made, but also on countries such as Vietnam and India, where Cook has quietly moved parts of its production in recent years in anticipation of further Chinese tensions.
Trump’s tariffs could lead to the price of an iPhone rising by up to 43pc, according to analysts at Rosenblatt Securities. The most expensive iPhone 16 Pro Max would cost around $2,300 (£1,773), up from $1,599 today, while the cheapest would cost $1,142, up from $799.
</snip> Read the rest here: telegraph.co.uk |
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