Apple Buying Or Partnering With ESPN Is A “No-Brainer” To One Wall Street Analyst, And “Much More Attractive” Than Full Disney Acquisition
deadline.comWith sports now a “golden goose” begetting streaming progress for Apple, it would be a “no-brainer” for the tech giant to partner with or even fully acquire ESPN.
That’s the latest take from Wedbush Securities analyst Daniel Ives, a longtime Apple bull, who laid out the case to clients in a research note Wednesday.
Apple TV+ has about 50 million subscribers today, Ives estimates. The tech company has never divulged numbers for the nearly 4-year-old service, whose results are reflected in the broader Services line in its financial statements.
In the quarter ending June 30, Apple topped 1 billion paid subscriptions to all services, including iCloud, Apple Music, Apple TV+ and others, with revenue in the segment gaining 8% over the prior-year period to reach $21.2 billion.
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