Toni Sacconaghi: Apple is losing $1 to $2 billion a year on TV+ (video) (Philip Elmer-DeWitt/Apple 3.0 – Philip Elmer-DeWitt)

Philip Elmer-DeWitt / Apple 3.0 – Philip Elmer-DeWitt
Toni Sacconaghi: Apple is losing $1 to $2 billion a year on TV+ (video) – From a note to Bernstein clients that landed on my desktop Monday. AAPL TV+: Why is Apple doing it, and what might its economics look like? To date, Apples streaming service has differed from its peers. Its content is limited (673 hours vs. Netflix, Amazon and Paramount at 30 …

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