CEO Says Apple’s Strategy for Apple TV+ Focuses on Content Over Money


By

on

in

, ,

Apple TV+ was mentioned a lot during Apple’s quarterly earnings call Thursday, and while the company doesn’t release breakout numbers on revenue from the streaming service, the remarks were nothing but praiseworthy.

Overall, the company reported $19.5 billion in revenue for Apple services, which include the App Store, Apple TV+, iCloud, Podcasts, Apple Music, payment services and more, up 27% year over year. Overall, Apple pulled in $123.9 billion in sales for the quarter, beating analysts’ $118.3 billion predictions.

Apple’s total subscriber number for all services including Apple TV+ was 785 million last quarter.

Unlike other streaming service, CEO Tim Cook said the company’s goal for Apple TV+ isn’t necessarily centered around money.

“We don’t make purely financial decisions about the content. We try to find great content that has a reason for being, and we love shows like Ted Lasso and several of the others as well that have a reason for existing and they have a good message, and they make people feel good at the end of it,” said CEO Cook. “But I don’t view that we have narrowed our universe of things we are selecting from. There is plenty to pick from out there, and I think we are doing a pretty good job of it as we speak.”

 “We wanted to give storytellers a place to tell original stories, and I feel really good about where we are today and the strategic position of the product,” he said.

Apple TV+ shows and films have won nearly 200 awards and 900 total nominations.

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like http://Amazon.com, streaming services, and others. Affiliate links help sites like Cord Cutters News, stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.