Apple is reportedly planning to launch its own streaming service in April, which will feature free original content for device owners. The service is expected to include content from CBS and Viacom, among other production studios.
Last week, J.P. Morgan analyst Samik Chatterjee said Apple should acquire Netflix to boost its position as a content creator.
"We think Netflix is best strategically positioned to be in the position of being in the same position as it is of content, "he said.
However, Cathie Wood, CEO and CIO of ARK Invest, told CNBC this week They disagreed with Chatterjee's recommendation.
"They should be building ̵
Wood added that if Apple spent $ 50 billion it could compete with existing streaming platforms without making an acquisition.