What you need to know
- Apple TV+ went live on Friday, November 1.
- New ad data suggests that Apple didn't go crazy.
- That was probably wise given the lack of content on day one.
Apple TV+ went live on Friday, November 1 but according to new ad data the company hasn't spent huge sums of money advertising it. At least, not compared to iPhone.
Data collated by iSpot.TV (via The New York Times) shows that Apple spent $14.9 million on TV ads for Apple TV+ during September. It increased to $19.9 million in October, but both numbers pale compared to the sums spent advertising iPhone. Apple spent $28.6 million and $38.6 million in September and October, respectively.
Frost & Sulluvan analyst Dan Rayburn says that Apple's "slow roll" approach to advertising makes sense. Likely because it knows that it can't compete with the likes of Netflix in terms of sheer volume of content. The real money will probably spent when more shows are available.
"Consumers are just drowning in content right now, and all of these services are competing for our time," he said. "But they're all approaching the market differently. This isn't some race for Apple. It's a slow roll."
Apple TV+ is now available in more than 100 countries and costs $4.99 per month for the whole family. But if you buy an iPhone, iPad, Mac, iPod touch, or Apple TV you can get a free year of access. Anyone who is a student and subscribed to Apple Music will also receive Apple TV+ free of charge.
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