There's a chance Apple will acquire Netflix in near future: Analysts

Last Updated: Jan 02 2018 17:38

TECHNOLOGY- Two Citi Research based analysts believe there is a strong chance that Cupertino giant Apple will acquire streaming major Netflix in the near future.

They say the recent  tax reforms introduced by American President Donald Trump will make it easy for Apple to acquire Netflix instead of starting their own new streaming service like Amazon.

According to the report by Business Insider, Apple has nearly $250 billion in cash which is growing at $50 billion a year.