Since launching Apple TV+ in 2019, the company has reportedly spent $5 billion a year on its award winning streaming content – which includes hits like The Morning Show, Shrinking, Pachinko, and more – before trimming that by about half a billion dollars last year to $4.5 billion.

Apple TV+, home to award-winning shows "Ted Lasso" and "Severance," is losing more than $1 billion a year. That's according to news site The Information, which said Apple has spent more than $5 billion a year on content since launching its streaming service in 2019.