Apple TV+ loses over $1 billion annually despite having 45 million subscribers as of last year, positioning it between Peacock (36M) and Hulu (53M) in the streaming market.

The streaming service has seen recent success with popular shows like "Ted Lasso," "Mythic Quest," "Shrinking," and "Severance." The second season of "Severance" alone generated over 3 billion viewing minutes according to Nielsen data, averaging approximately one episode per subscriber.

While Apple TV+ struggles with profitability, Apple's overall Services division, which includes Apple Music and iCloud storage, performed strongly with Q4 revenue of $26.1 billion, representing a 14% year-over-year increase. Apple Music maintains a strong market position, with market share reportedly close to industry leader Spotify.

Apple's stock continues to perform well, trading at $216.78 per share with a market capitalization of $3.26 trillion, maintaining its position as the world's most valuable company.

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