As Apple’s iPhone revenue falls and it looks to other income streams, JPMorgan is speculating that Apple could buy Netflix, or even a company like Sonos, or Activision Blizzard. In last week’s earnings call, Apple revealed it was sitting on a $245 billion cash stockpile. At the end of January Cheddar reported that Apple had been secretly planning a gaming subscription service, likened to a “Netflix for games” since early 2018. The development is likely in its early stages and could even be a non-starter for the phone maker. A Strategy to Protect Apple’s Prime Position? It’s obvious that Apple needs
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