Will Apple Take a Bite Out of Netflix & Purchase the Streaming Juggernaut?

New year — New predictions. This is the one that’s been kicking around for a couple of years. Is 2020 the year?

Photo by an_vision on Unsplash

Recently, no less than The Hollywood Reporter released its predictions for 2020, among which Hollywood and financial notables theorized that Apple would purchase Netflix. Now, I realize THR is not a financial news source…BUT, 24/7 Wall Street noted:

If there is a marriage that will happen among the streaming companies in the near term, it will be between Apple, which has money and a distributed base of hundreds of millions of devices, and Netflix...

Now, I do Apple will buy Netflix. For me, it’s not a question of “if” but a question of “when.” I’ve been prattling about this for a couple of years now to mostly befuddled (at best) and deaf (at worst) ears.

• Apple currently has well over 200 billion dollars in cash.
• Netflix has a market capitalization of about 145 billion.

So, why exactly do I think that Apple will buy Netflix?

HISTORY TELLS US AS MUCH