Apple Stock: Can It Be Helped By Buying Netflix, Or Others?
Summary
So investors likely hope for an Apple acquisition to use "its balance sheet strength to insulate the business against often-seen disruptions in the technology landscape," JPMorgan analyst Samik Chatterjee wrote in a note to clients. The speaker category has a "focus on high engagement with customers," and it offers "synergies in driving Apple Music services. Apple is "currently lagging competitors in the smart home category," JPMorgan wrote, referring to the companys HomePod product line. For Apple, a video game acquisition would offer "leverage to an industry rapidly transitioning to mobile," the note said. Among targets mentioned in press reports, JPMorgan wrote, "we find Activision Blizzard to be the best strategic fit" for Apple.
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Apple Inc.
$1B+