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@ 2022/12/31Wall Street worried about wasted cash on Apple TV
Fruity cargo-cult Apple, founded on ruthless cost controls and excessive margins, has been spending money like water lately.
Seeking Alpha*said analysts are worried that Apple is spending too much on Apple TV content with no hope of becoming a market leader.
Wells Fargo forecast that Apple was set to spend $8.1 billion on content this year and estimated that Apple would spend upwards of $15 billion by 2025.
With that sort of cash being thrown at the content, you would expect Apple to buy itself profits, but no analyst thinks Jobs’ Mob is not spending enough to get into the top five.
Disney, Warner Bros, Discovery, and Netflix are all forecast to top $20 billion in annual spending before counting the billions spent on sports content. Disney spends a combined $33 billion on content, with over $8 billion for sports content such as the big NBA deal.
Fruity cargo-cult Apple, founded on ruthless cost controls and excessive margins, has been spending money like water lately.
Seeking Alpha*said analysts are worried that Apple is spending too much on Apple TV content with no hope of becoming a market leader.
Wells Fargo forecast that Apple was set to spend $8.1 billion on content this year and estimated that Apple would spend upwards of $15 billion by 2025.
With that sort of cash being thrown at the content, you would expect Apple to buy itself profits, but no analyst thinks Jobs’ Mob is not spending enough to get into the top five.
Disney, Warner Bros, Discovery, and Netflix are all forecast to top $20 billion in annual spending before counting the billions spent on sports content. Disney spends a combined $33 billion on content, with over $8 billion for sports content such as the big NBA deal.
