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

Apple, Inc. 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 pr ...