"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".
With this new information at hand, Citi analysts have come to the conclusion that Apple is likely to buy Netflix, which would only take out one-third of its available cash on hand. As Citi points out however, that figure is just a third of the huge $252 billion cash stockpile Apple now holds overseas and is yet to bring back to the US.
Not only that, but the opportunity to repatriate money held in offshore accounts without paying a bunch of extra taxes means that Apple can bring the cash necessary for the purchase back into the States. "With over 90 percent of its cash sitting overseas, a one-time 10 percent repatriation tax would give Apple $220 billion for mergers and acquisitions (M&A) or buybacks".
Both analysts say there is a 40% chance of it happening as the new tax rules will see Apple bring back into the USA about $220 billion. The note mentioned a 20% to 30% likelihood of a partnership between Apple and Disney, and a 40% potential of a deal between Apple and Netflix. Acquiring Netflix will instantly give it a dominant position in the market. Let us know below. However, while Apple has tried to lure streaming customers with original content, viewers still flock to other services, like Netflix, Hulu and Amazon Prime Video. Users can download on-demand movies and shows from the company's iTunes portal.
Apple has recently dipped a toe into content creation: Jennifer Aniston and Reese Witherspoon will be in Apple's first scripted video series. By purchasing Netflix, Apple could jump start its streaming efforts in a really major way. Forbes reporter Karl Kaufman argues that there is good reason to doubt this analyst prediction, writing, "Apple has already committed $1 billion towards creating new shows and their largest acquisition was buying Beats for $3 billion in 2014".
The group of 300 women, which includes actresses America Ferrera , Eva Longoria and Reese Witherspoon; lawyer Nina L. The Hollywood project is described as a "unified call for change from women in entertainment for women everywhere".
Hamdullah Mohib welcomed Trump's tweet . "They give safe havens to the terrorists we hunt in Afghanistan, with little help". After the tweet , Pakistan's Foreign Minister Khawaja Asif said: "We will respond to President Trump's tweet shortly".
The hotel is planning a big bash for New Year's Eve, one that includes the dropping of 50,000 balloons at midnight. Police called to the Hyatt Regency in downtown Houston to handle a drunk guest got more than they expected.
This is good news for people bored of gaming gems like Mario Odyssey and The Legend of Zelda: Breath of the Wild . This time, however, Nintendo has the advantage of a solid base of gamers that will be looking for new content.
With no lucky victor in Friday night's drawing, the Mega Millions jackpot swelled to $361 million for Tuesday's drawing. The $343 million prize would be the eighth-highest won, according to the Mega Millions website .
Members said the government needed to dispel the perception of harbouring "ulterior motives" in pushing through the Bill. The Supreme Court stayed the practice of triple talaq on August 22 for six months till Parliament framed a law.
PRECAUTIONARY/PREPAREDNESS ACTIONS.A Wind Chill Advisory means that cold air and the wind will combine to create low wind chills. Wind chills will remain around -15 to -30 throughout the afternoon, and the Wind Chill Warning will last into Tuesday morning.
At least nine people were killed, an official said, in the latest violence targeting Egypt's Christian minority. It also said there was a separate attack on a store in the same neighborhood of Helwan that killed two Copts.
LG is confident that the amount of technology it has introduced into its audio products will definitely impress audiences. The ThinQ Speaker is called by LG as its "first premium smart AI audio product" that doubles up as a nifty smart home hub.
Terry Allen Miles, 44, according to police, may have the children, but it's unclear what his relationship is to the girls. Tonya Bates, the mother of the two missing girls, was found dead on New Year's Eve, according to KVUE-TV.
Photos posted on social networks by stranded passengers showed long lines at New York's JFK and Atlanta's Hartsfield-Jackson. Some travelers arriving or departing San Diego International Airport may have been delayed New Year's Day due to a U.S.
That, Kim said, was "irreversible with any force", making it impossible for the United States to start a war against North Korea. The United States stations 28,500 troops in the South, a legacy of the 1950-53 Korean War.
NBC names Hoda Kotb as Lauer replacement on 'Today'
In addition, she apparently has "quickly hit the ground running", according to NBC News Chairman Andrew Lack in a statement. During Tuesday's early morning broadcast, Guthrie once again expressed her enthusiasm for working with Kotb .
Dom Capers, Packers' defensive boss since '09, fired
Green Bay and Washington finished tied for the 13 pick based on record, however a tie-breaker gave the Redskins the 13 selection. Capers had been the defensive coordinator with the Packers since 2009, helping the team win a Super Bowl during the 2010 season.
Did the Patriots just start Thermometergate with the Jets?
Then just before halftime, NY cornerback Juston Burris was flagged for defensive holding on a Patriots' third-down pass attempt. Linebacker James Harrison, just signed after being released by the Patriots, had two sacks in his Patriots debut.