They don't need to.
What does Apple need from Netflix? Netflix's value is in their content. Without it, their members stop subscribing. Apple has been making content deals that rival Netflix. Apple doesn't need Netflix's distribution channels or technologies; Netflix's distribution channel is Apple and with regards to the technology, Apple has been doing this with iTunes for far longer than Netflix has even existed.
Agreed. Apple doesn’t need a Netflix. Heck, I wouldn’t touch Netflix stock let alone buy the company outright. The one thing Netflix has is a large subscriber base, but that can disappear pretty quickly. Their content has been crap lately and there’s going to be stronger competition in that space from ATT/Time Warner, Comcast, FaceBook, Disney, Apple, Amazon, etc.
Also, some of those studios, like Disney, will be pulling their content from Netflix starting next year, making Netflix a poorer value.
Lastly, if shows from companies like Apple, FaceBook and Amazon are any good, and they price their video services aggressively... or provide it for free... to sell more hardware, ads, Prime memberships, etc. that will impact Netflix subscriptions.
One other possibility is that all of this fragmentation will reverse the cord-cutting trend as people realize cable subscriptions provide a better value.
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Why does record revenue and billions in profit matter from a the perspective of someone that uses Apple products? I think it is the products that is what is important to a consumer, not the business/investing side of things.
Business/investing side of things is a reflection of what is important to the consumer. If Apple wasn’t producing products people love like the iPhone, AirPod, iPad, Apple Watch, HomePod, etc., their business/stock price would be suffering.
What consumers think of Apple and what jaded “fans”/prognosticators / trolls post on these boards are two very different things. People don’t call this site Macwhiners for no reason.
