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Streaming is good for business, even if it doesn't make money in and of itself. The post Apple is losing over $1 billion a year on streaming, but so what? appeared first on The Manual.

Apple AAPL.O 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,