Apple TV has significantly more subscribers than expected

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Apple TV is once again making waves in the streaming industry. Following the rebranding of Apple TV+ to simply Apple TV, Eddy Cue, Apple's Senior Vice President of Services, made a rare podcast appearance. In Matt Beloni's Hollywood podcast, The Town, he discusses the current status of the service, its development, and the challenges Apple has faced in recent years. Particularly interesting is his comment that Apple TV has significantly more subscribers than analysts previously estimated.

Since its launch in 2019, Apple TV has established itself in the competitive streaming market. Initially, the service was ridiculed by many as a niche product, but it is now one of the more well-known providers worldwide. The focus is clearly on high-quality original productions rather than mass production. Nevertheless, it has been unclear how successful Apple TV actually is—especially because Apple itself rarely publishes concrete figures.

In the podcast interview with Matt Belloni, Eddy Cue is asked about the reported 45 million subscribers that some analysts attribute to Apple TV. Cue doesn't give an exact number, but clarifies that it's "significantly more than that."

Apple TV has more subscribers than expected

This statement suggests that Apple is doing better in the streaming business than many thought. If the number of subscribers does indeed approach the 100 million mark, Apple TV would clearly move into second place among the world's largest streaming services – behind industry leader Netflix, which has more than 300 million subscribers.

Apple itself doesn't publish user numbers, making it difficult to estimate. However, Cue's suggestion suggests that Apple TV now plays a significantly larger role than previously thought.

Price development and supply strategy

Apple TV currently costs €9.99 per month as a standalone subscription. Launching in 2019, the price was €4.99, reflecting the significant expansion of the range of series and films. The higher price also reflects the increased quality and variety of content.

Many users have access to Apple TV through Apple One or other partner bundles, further expanding the service's reach. Integration into the Apple ecosystem ensures that the service remains a natural part of many customers' digital lives.

Challenges in production

Eddy Cue also spoke about the difficulties of building one's own streaming platform—especially without an existing content library. From the outset, Apple relied on exclusive in-house productions, which required significant investment and a significant amount of time. Cue emphasized that the process was "much more difficult than it looks." He cited production disruptions and delays caused, among other things, by the pandemic and the months-long Hollywood strike.

Quote Cue:

I didn't anticipate that we'd have no productions for a year and a half. I didn't foresee a nine-month strike from that perspective. So we're a little further behind than I'd like to be. But where we are today is great.

Despite the setbacks, Cue is satisfied with the current status. The growing number of original content and the steadily growing subscriber base suggest that Apple TV is on track for the long term.

Investments and profitability

According to industry estimates, Apple invests over $4 billion annually in its own series and films. Whether the service is already profitable remains unclear. Apple has not provided any information on this. Given the high expenditures, the current focus is likely less on short-term profit and more on strengthening the brand and building loyalty within the Apple ecosystem.

Significance for the streaming market

Apple TV has evolved from a latecomer to a serious player. While Netflix and Disney+ continue to dominate the market, Apple is increasingly gaining attention with high-quality content and clear brand positioning. Series like Ted Lasso, Severance, and Silo have contributed to Apple TV becoming a synonym for quality and creativity. Although Cue doesn't provide specific figures, there are strong indications that Apple TV will continue to grow and play an even more important role in the streaming market in the coming years.

Apple TV grows faster than expected

Eddy Cue's statements make it clear that Apple TV is more successful than many analysts previously thought. The number of subscribers is significantly higher than the previously estimated 45 million, even though Apple itself continues to refuse to release official data. With steadily growing investments, high-quality original productions, and strong integration into the Apple ecosystem, Apple TV has firmly established itself in the market. While the service is still far from the size of Netflix, it is doing better than many expected – and its growth is likely far from over. (Image: Apple)