Apple’s biggest mistake wasn’t buying Netflix: Dan Ives

Apple (AAPL) has spent the past 30 years making many home runs. It launched everything from the iMac to the iPod to the iPhone, the iPad, the Apple Watch and the AirPods. Additionally, it has been pushed deeper into recurring revenue businesses with AppleCare, Apple Music, and Apple TV +.

But according to Wedbush analyst Dan Ives, the tech titan has taken a big misstep: don’t buy Netflix (NFLX). Ives, who has an outperformance rating on Apple stock, said this would put the tech giant in a better position in the current streaming wars dominated by Netflix, Amazon (AMZN) and Disney + (DIS).

“The biggest strategic mistake, in my opinion, by Jobs and Cook in the last 10 …

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