Apple Stock News

For the latest Apple Stock News, AAPL closed at $113.05 on Wednesday, October 5th, with a 0.04% gain, or $0.05 from its previous close of $113.00 per share. 

As the speculation for a takeover of Netflix is pushing its stocks higher.  Walt Disney Company is rumored to be the candidate, however Apple has also been mentioned as a potential suitor.  Apple has one of the largest cash reserve of over $200 billion compared to businesses, leading many to speculate what does the company plans to handle its cash on hands.  Is a merger with Netflix a possibility?  Apple can afford Netflix’s $50 billion price tag.  If Apple is looking to diversify from selling hardware to service, owning Netflix could increase Apple’s revenue source by approx.  $7 billion.  Apple could become the dominant company in download internet traffic.  Netflix alone claims to have a 37% share of the traffic in North America alone. 

Despite the possibilities in benefits, it does not seem likely that a hardware company would be interested in merging with an internet television network.  If such a merger were to take place, this would be the largest acquisition in the company’s history.  Fortune questions Netflix’s price tag and a suitor’s timeline to recoup its return in investment. 

Keep checking back for more news regarding AAPL.  For Full AAPL forecasts and investment advice by our state of the art algorithm click here.