Analyst Dan Ives, from Wedbush Securities, who has an outperform rating on Apple’s stock, said today that he believes Apple’s “biggest strategic mistake” was not acquiring Netflix years ago.
Ives believes that Apple still doesn’t have a huge stake in the streaming video industry and is behind Netflix, Amazon, and Disney. Ives says that isn’t just a strategic mistake by Tim Cook, but also by Steve Jobs, when he was Apple’s CEO.
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