The same stock analyst who predicted Apple’s demise because the company didn’t have a big screen smartphone now says the Apple streaming TV platform is bad news for Netflix. He’s a Trip.
Trip Chowdhry thinks investors should be right to be worried about Netflix, which was still falling Thursday. In a new note out today, Chowdhry writes that his research indicates that Apple has definitely acquired NoSQL database FoundationDB (most likely for less than $50 million) and this will be the engine behind the new upcoming TV platform.
Uh huh. Sure.