This sounds absolutely insane considering the fact that the world is fighting hard to combat the Covid-19 pandemic. But, according to a financial analyst, Apple buying Disney is the most beneficial thing the iPhone makers could do right now. Rosenblatt’s Bernie Mc Ternan thinks this could be a great idea since Disney stocks have gone down by 34% due to the Coronavirus crisis.
Though Apple’s stocks have themselves gone down by 21%, the analyst speculates the tech giant takes advantage of the situation to get ahead of the streaming race. With Apple TV ain’t doing that great in the business as compared to the already successful Netflix, and Hulu, taking over Disney could be a brilliant move if things go right. But, now that the world is totally uncertain about what’s happening, containing the virus seems to be the need of the hour rather than business mergers.