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Apple could acquire the entertainment company, Netflix

Apple could acquire the entertainment company, Netflix
Apple could acquire the entertainment company, Netflix. IANS

San Francisco, Jan 1, 2018: 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.

According to Citi analysts, Jim Suva and Asiya Merchant, there is a 40 per cent likelihood that Apple will acquire Netflix. Under the new taxing rules, the tech giant will be able to repatriate about $220 billion in cash to the US.

“The firm has too much cash — nearly $250 billion — growing at $50 billion a year. This is a good problem to have,” Suva and Merchant were quoted as saying.

“Historically, Apple has avoided repatriating cash to the US to avoid high taxation. As such, tax reform may allow Apple to put this cash to use. With over 90 per cent of its cash sitting overseas, a one-time 10 per cent repatriation tax would give Apple $220 billion for mergers and acquisitions (M&A) or buybacks,” they added.

A report in business insider said that iTunes has been a huge hit for the company, but viewers have migrated increasingly to services like Netflix, Amazon or Hulu to watch their favourite shows leaving Apple struggling to offer a compelling TV or movie offering.

In September 2017, reports poured in that Apple might lease the Culver Studios in California as it plans to pour $1 billion into TV and movie productions.

The battle for best movie scripts and television projects intensified between tech giants in the Silicon Valley. Google-owned YouTube is already producing original television series and Amazon has won Oscars for “Manchester by the Sea” show.

The iPhone maker has already hired top Hollywood talent Sony duo Jamie Erlicht and Zack Van Amburg to lead its Hollywood push and is reportedly developing a new TV show that will star Reese Witherspoon and Jennifer Aniston. (IANS)

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Apple nearly doubles self-driving fleet in California

Registering 18 new vehicles since January, Apple has expanded its self-driving car programme rapidly

Apple got lukewarm response for iPhone X. Pixabay
Apple registers more self-driving cars. Pixabay
  • Apple has registered new vehicles in its self-driving programme
  • The company had 27 self-driving cars
  • Other tech companies are doing similar things too

Registering 18 new vehicles since January, Apple has expanded its self-driving car programme rapidly and now has 45 autonomous vehicles registered with California’s Department of Motor Vehicles. The company had 27 self-driving cars until late January.

Apple could acquire the entertainment company, Netflix
Apple has 27 registered self-driving cars. IANS

“Apple has nearly doubled the number of self-driving cars in its California test fleet. The number of cars is more than companies like Google, Waymo, and Uber have and is second only to General Motors which performs tests with Cruise — its self-driving division,” the Financial Times reported late on Tuesday.

Behind Apple is Tesla which currently has 39 self-driving vehicles, and Uber which has 29 cars. Codenamed “Project Titan”, Apple’s self-driving programme’s fleet is reportedly made up of Lexus RX450h SUVs each of which is fitted with huge racks of LIDAR and radar sensors as well as cameras.

Also Read: Google to let users shop through Search, Assistant

“The Cupertino-headquartered company is expected to produce a platform for ride-hailing services, most likely in partnership with third parties,” according to Apple Insider.

Iphone X
Many other tech companies have also released their self-driving cars. Wikimedia Commons

“Alternately, it could revert to designing its own electric vehicle but the company would need to contract with outside factories to build it,” the report added. IANS

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