Apple Inc.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 at least for now.Apples AAPL, -0.18% designated spend is small compared with Netflixs $6 billion, Amazons $4 billion and Time Warner Inc.-owned TWX, +0.91% HBOs $2 billion, RBC wrote in a note. Lead analyst Amit Daryanani said it makes more sense to view the investment as potentially taking share away from Spotify, rather than putting it in direct competition with the likes of Netflix NFLX, +0.56% Amazon AMZN, -0.54% and HBO, all of whoch have yearslong headstarts on Apple in TV.
Källa: Apples $1 billion TV move pits company against Spotify, not Netflix – MarketWatch
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