|Bid||166.77 x 300|
|Ask||168.00 x 2500|
|Day's Range||164.23 - 168.99|
|52 Week Range||93.26 - 191.50|
|PE Ratio (TTM)||215.73|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Apple’s TV efforts might not put the company on par with Netflix, and that’s O.K., according to an analyst. Apple is reportedly about to spend $1 billion on original video content for its Apple Music service, far less than what Netflix, Amazon.com, or HBO pay annually.
Long story short: It depends. Are you looking for years and years of strong growth, or do you prefer solid profits and a potential buyout?
Apple’s $1 billion investment to buy and produce original TV programming pits the technology giant against Spotify, not Netflix Inc. and Amazon.com Inc., according to analysts at RBC Capital Markets — ...