Apple TV Wins 29 Emmys, Most of Any Network at 78th Primetime Awards

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Summary · why it matters

Apple TV became the most awarded network at the 78th Primetime Emmy Awards with 29 wins, a result the company expects to strengthen its Services business. Widow's Bay led the haul with 14 awards, including Outstanding Comedy Series, making it the most Emmy-awarded freshman comedy series in history, and it also took acting, writing and directing honors. Other Apple TV titles including Pluribus, Slow Horses, Margo's Got Money Troubles, Palm Royale and Mr. Scorsese contributed to the tally, bringing Apple Originals to 917 total wins and 3,827 nominations since the service launched. Apple TV viewership hit an all-time high in the June quarter, when Services revenue rose 12% year over year to a June-quarter record of $30.74 billion and the company surpassed 1.5 billion paid subscriptions. Services gross margin was 75.6% in the quarter, well above the 40.1% Products gross margin, though Apple faces stiff streaming competition from Netflix and Disney.

Impact on stocks 4

Artificial Intelligence▲ · 2 stocks
Apple Inc.
AAPL
▲ PositiveDemandrelevance

Apple TV won 29 Emmys, most of any network, which the company expects to strengthen its Services business and drive viewership/subscriptions.

Communication Services▼ · 2 stocks
Walt Disney Company
DIS
▼ NegativeCompetitionrelevance

Apple faces stiff streaming competition from Netflix and Disney, with Apple TV's Emmy dominance highlighting a rival's strength.

Netflix Inc
NFLX
▼ NegativeCompetitionrelevance

Apple faces stiff streaming competition from Netflix and Disney, with Apple TV's Emmy dominance highlighting a rival's strength.

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