Apple's F1 Movie Burns $300 Million—Still Waiting On A Profit

Apple, Inc. (NASDAQ:AAPL) is making a return to high-budget theatrical releases with the opening of its racing drama "F1" on Friday. 

The film's reported $300 million budget highlights both the company's determination to make a mark in Hollywood and the persistent financial challenges it faces in this arena. 

What To Know: Despite Apple's massive resources—a $3 trillion market cap and annual profits nearing $100 billion—its video production unit, which includes Apple Original Films and Apple TV+, has never turned a profit since its launch in 2017. 

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Apple's foray into theatrical releases and original content began with significant fanfare, aiming to ...