Open in App
  • U.S.
  • Election
  • Newsletter
  • 24/7 Wall St.

    Apple TV+ Is a Failure

    By Douglas A. McIntyre,

    24 days ago

    This post includes affiliate links. If you purchase anything through these affiliated links, may earn a commission. 24/7 Insights

    • Apple TV+ is far too small to compete in a world of much larger streaming services.
    • Given how long it has been in business, at its current size, Apple TV+ is a failure.

    Apple TV+ , the huge tech company’s streaming service, launched about the same time as Disney+. Disney+ has 154 million subscribers, while Apple TV+ has 25 million, estimated because Apple Inc. ( NASDAQ: AAPL ) does not release numbers. Apple TV+ is far too small to compete in a world of much larger services owned by Netflix, Amazon, and media companies.

    Research data shows that the average U.S. household has three or four streaming services. The churn rate in the industry is high. People shift from one service to another by canceling and taking a new subscription. It is a bruising world in which even the largest companies have lost billions of dollars since their services launched.

    Services are also combining as they try to gain subscribers. Recently, Disney's streaming services, Disney+ and Hulu, and WBD's streaming service, Max (HBO Max merged with Discovery+), have been merged.

    Each streaming service has to compete with the largest two by far. Highly profitable Netflix Inc. ( NASDAQ: NFLX ) has 279 million subscribers. Amazon Prime Video has over 200 million. Prime Video has unique advantages, as it is part of Prime, an e-commerce loyalty program that is essential to the company’s success. Inc. ( NASDAQ: AMZN ) has an estimated 170 million Prime members in the United States.

    What is Apple TV+'s distinctive feature? It makes its original shows, but so do its competitors. It has a library of shows produced elsewhere, and so do its competitors. Apple TV+ has been in business long enough that, at its current size, it is a failure.

    Why Netflix Will Likely Announce a Stock Split

    Smart Investors Are Quietly Loading Up on These “Dividend Legends”

    If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option , and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.

    Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.

    Expand All
    Comments / 0
    Add a Comment
    Most Popular newsMost Popular
    24/7 Wall St.2 days ago
    Total Apex Sports & Entertainment28 days ago
    Total Apex Sports & Entertainment23 days ago
    Total Apex Sports & Entertainment25 days ago

    Comments / 0