Contrary to the reports of Apple launching a video subscription product in 2018 to counter Netflix, analysts from Citi have said that the iPhone maker could possibly buy the entertainment company by taking advantage of US President Donald Trump's corporate tax cut.
"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".
The other reason the analysts at Citi think Apple could target Netflix? Suva and Merchant estimate the deal would cost the company about a third of the cash freed up by Trump's tax plan, leaving Apple with plenty of assets to develop further content for the platform should they acquire it. "With over 90 percent of its cash sitting overseas, a one-time 10 percent repatriation tax would give Apple $220 billion for M&A or buybacks". There's a 40 percent chance it could happen according to Citi analysts Jim Suva and Asiya Merchant.
While most of software and hardware giant Apple's greatest innovations represent long-developed internal endeavours, the company is no stranger to acquiring outside talent whole-cloth. The tax cut, as well as a one-time allowance for companies to repatriate cash held overseas without a major tax fee, could open up Apple's path to buy new companies.
If the idea of seeing an Apple logo when you fire up Netflix makes you pause and say "whoa", it should.
The analysts also said that there is only a 10 percent chance of Apple buying game producers like Electronic Arts Inc., Take-Two Interactive Software Inc. and Activision Blizzard. Netflix invests heavily on original series and has crafted some of the most popular and talked-about television series we know of.
He argued that the streaming firm is "actually being more judicious" about how much it spends on original content, contrary to the many headlines reporting that it's willing to spend $20 million per original TV episode. Apple has struggled to offer compelling video content, even as iTunes revolutionized the music industry. The company is also working on its first scripted series with Jennifer Aniston and Reese Witherspoon. Unfortunately for Apple, most users still prefer traditional streaming content apps like Hulu and Netflix.
While the teaser has created a lot of Buzz among the fans, but we bet you would not have noticed Katrina Kaif in the teaser. Reportedly, SRK plays a die-hard fan of Katrina Kaif, who plays an actress in the film.
Also, the President appointed Rev Christopher Utov as a Member of Nigerian Institute of Social and Economic Research. He said this in reaction to the outcry over the inclusion of at least four dead persons in the list of appointees.
People find it easy to one day use the "R" (retirement) word. "What he has done in the last few years is incredible", said Aruna. I think that is just truly commendable. "India is proud of your exemplary success at the World Rapid Chess Championship".
As a outcome of his absence, Djokovic saw his world ranking slip to 12, his lowest spot in last 10 years. "I think we should". "I want this for sure but actually I felt really fine (physically) at the end of the (2017) season".
Calling them "New India Voters", he exhorted them to cast their votes saying it will prove to be the "bedrock of New India". Modi also said: "January 26, 2018, will especially be remembered through the ages".
According to Wololo , this will open the door for a potential homebrew launcher for the Nintendo Switch in the near future. As with most consoles, the Nintendo Switch is heavily locked down so that only approved software can run on the system.
In week 9, the Colts defeated the Texans 20-14, the first game that the Texans played without young quarterback Deshaun Watson . Questions will now swirl as to whether O'Brien will remain the Texans coach for the 2018-2019 season.
The Toffees boss has warned the deal is not done for the Besiktas striker as the Blues prepare to splash out £25m on the Turkey worldwide .
23 hurt, including firefighter, in Bronx blaze
At least 12 people were injured early on Tuesday after a huge fire tore through an apartment building in NY , reports said. The fire is believed to have started in the Beverly Hills Furniture store on the street level of the four-floor building.
Unsafe wind chills, bitter cold
New Years Eve lows around Branch County are expected to get down to five below with wind chills between five and 15 below zero. Afternoon temperatures though will recuperate back in the lower 50s with finally some sunshine.
Factory PMI expands at fastest pace in 5 years in December
"Overall, 2017 has been a positive year for the sector with the average PMI reading the highest since the survey began in 2011". At 54.7 in December, the Nikkei India Manufacturing Purchasing Managers Index (PMI) rose from 52.6 in November.
15 anti-regime protesters killed in Iran
He warned that Iran will use its right to reciprocate the enemies' hostile moves in a way that they will regret their deeds. Iranians were hoping for improved living conditions following the nuclear deal and the lifting of some worldwide sanctions.
Wind Chill Advisory Expanded…Dangerous Wind Chills Expected
Anyone out celebrating overnight will get an extra blast of arctic air that could drop temperatures to -5 and -20 degrees. A Wind Chill Advisory is in effect until noon today as wind chills dip to -25. "It's downright bitter cold", he said.
Censor board moots title change for Padmavati
The Rajput body's member Sukhdev Singh Gogamedi has said that the film has been cleared "under pressure from the underworld". The special panel included Arvind Singh from Udaipur, Chandramani Singh and professor KK Singh of the Jaipur University.