"The firm has too much cash - almost $250 billion (roughly Rs. 15.9 lakh crores) - growing at $50 billion (roughly Rs. 3.18 lakh crores) a year". This news comes from Citi analysts Jim Suva and Asiya Merchant.
Now, The US President's corporate tax cut has been passed and given companies a onetime allowance to repatriate cash stored oversees without a major tax hit.
Not only that, but the opportunity to repatriate money held in offshore accounts without paying a bunch of extra taxes means that Apple can bring the cash necessary for the purchase back into the States. The analysts said Apple would only need a third of its overseas cash to buy Netflix, which has a market value of $83.1 billion.
One Wall Street bank says there's a 40 percent chance that Apple will buy Netflix.
The research note sent out to investors looks at a bunch of potential purchases Apple could make with its massive cash pile, and Netflix is listed as the most likely. Under the new taxing rules, Apple will be able to repatriate about $220 billion in cash to the US.
Originally founded in 1997 as a mail-based DVD rental program, Netflix has since redefined its image as the world's leading streaming content provider. Let us know why or why not down below!
Bears have no answer for Vikings defense in Week 17
A loss that night would have left the Vikings tied for third place in the division, before a home game against the 4-1 Packers . Receiver Adam Thielen can increase his 2018 salary escalator by another $250,000 with five catches to reach 90 for the season.
A tie-up between Apple and Netflix would give the iPhone maker stronger reach among Netflix's 109.3 million subscribers worldwide and a bigger content library, including popular original series like "Stranger Things" and "Fuller House". Amazon has its own service in Prime Video, while Netflix and Hulu still dominate many discussions about which streaming services are the best.
Apple previously focused on renting TV shows and movies through iTunes, but in recent years even that market share dropped from 50 % in 2012 to less than 35 %.
Could there be another acquisition that could shake Hollywood as much as the historic Disney-Fox deal did?
Apple in November ordered two seasons of a scripted video series starring Jennifer Aniston and Reese Witherspoon that doesn't have a launch date.
Apple already produces some original content including shows like "Carpool Karaoke" and 'Planet of the Apps, ' which debuted on Apple Music in 2017. Nollen believes Netflix can save money by spending less on licensed content.
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