“Netflix has had a difficult week, in part on reports that Apple may introduce some of its own original content,” Teresa Rivas reports for Barron’s.
“Global Equities Research’s Trip Chowdhry thinks investors should be right to be worried about Netflix, which was still falling Thursday,” Rivas reports. “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.”
“Now, with FoundationDB, Chowdhry writes that the new Apple TV platform ‘provides strong indication’ that Apple TV will come with its own software development kit and its own app store, i.e. its own Apple TV ecosystem,” Rivas reports. “And there’s the problem for Netflix, he argues, since in this ecosystem Netflix would be just another app, or a ‘second-class citizen.'”
Read more in the full article here.
MacDailyNews Take: As we wrote back in March regarding Apple’s FoundationDB acquisition:
Could be useful for any Internet TV plans Apple might have. Think “iTunes’ Genius feature for TV” and beyond!
Apple acquires FoundationDB to improve key apps and software services – March 25, 2015
Apple buys into big data? – March 25, 2015
Apple acquires FoundationDB, durable database company – March 24, 2015