But it supposedly also has 45 million subscribers, and with $124.3 million in revenue, the biggest company in the world can afford it.

Apple’s streaming service, Apple TV+, is losing more than $1 billion US ($1.43 billion CAD) per year, according to a report from The Information, which cites sources familiar with the matter. Despite spending over $5 billion US annually on content since launching the platform in 2019,