Apple is reportedly cutting its Apple TV+ budget as this is its only service that is losing money, but the report conveniently leaves out that the service has always been a loss-leader with benefits that can't have a dollar-value.

Report reveals that almost six years after being unveiled, Apple TV+ is still losing money. Worse than that, other services are struggling.

Apple is losing more than $1 billion annually on its streaming service, Apple TV+, which has 45 million subscribers, The Information reported

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,

Apple TV+ is hemorrhaging money amid a broader stall in Apple's services, according to a new report from The Information's Wayne Ma.

Apple TV+ is losing more than US$1 billion a year, according to a report from The Information (a subscription is required to read the article). The article says that ‌Apple TV‌+ is the only Apple subscription service that’s not making money.