Report: Apple to cut iPhone prices further, make big acquisition for streaming service
The iPhone 8 Plus
As things stand, the firm in question believes Apple faces a “code red” situation in China. Contrary to what the market reaction may lead many to believe, though, it’s not down to lost iPhone revenue. Instead, Wedbush attributes it to Apple’s current risk of losing existing customers in China.
Looking at Apple’s all-important services business, the report also predicts some major “content acquisitions” in the future that’ll be used for the company’s upcoming Netflix rival and should help drive growth. According to the report, Lionsgate and Sony Pictures stand as likely acquisitions, while A24, who is already partnered with Apple, is also a possibility. CBS and MGM Studios are “medium probability” purchases.
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