Netflix acquisition - Apple's ready with deep pockets
@thebigk
•
Oct 26, 2024
Oct 26, 2024
1.4K
The latest noise on social media is pointing out at possible acquisition of Netflix by, no points for guessing - Apple. There have been several rumours in the past that Apple would be launching its own video subscription service (a la Apple Music) that would rival the likes of Netflix. But why waste time and human efforts in doing something that's already been done when you've lot of money lying around?
Apple has truckloads of cash (~over $200B!) and it keeps on growing every year by about $50B. Apple stacks most of that cash (~90% of it) overseas to avoid taxes in the US. The acquisition will bring in some of that money back to US shores.
The acquisition will also allow Apple to retain its iTunes users from migrating to rival services like Amazon Prime Videos and Hulu. With Netflix acquisition, Apple will not have to bother about putting up a team that produces hit original shows.
That said, it's just a speculation from City analysts that put 40% chance on the acquisition. Do you think Apple will acquire Netflix? Or will it go for its own production house?
Apple has truckloads of cash (~over $200B!) and it keeps on growing every year by about $50B. Apple stacks most of that cash (~90% of it) overseas to avoid taxes in the US. The acquisition will bring in some of that money back to US shores.
The acquisition will also allow Apple to retain its iTunes users from migrating to rival services like Amazon Prime Videos and Hulu. With Netflix acquisition, Apple will not have to bother about putting up a team that produces hit original shows.
That said, it's just a speculation from City analysts that put 40% chance on the acquisition. Do you think Apple will acquire Netflix? Or will it go for its own production house?
