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Apple Buyout Targets Could Include Netflix and Sonos, JPMorgan Says

  • Sonos jumps, on track for 7th straight gain after comment
  • Apple has historically not been a big buyer of companies
Apple Inc. iPhone 6s Goes On Sale

Photographer: Qilai Shen/Bloomberg

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Apple Inc. investors are likely looking for the company to use its massive cash pile to make acquisitions, and names like Netflix Inc., Activision Blizzard Inc. and Sonos Inc. are among the companies that JPMorgan sees as strong strategic fits.

Shares of Apple have lost more than 25 percent from an October record, dropping on concerns over the demand prospects for its key iPhone product line. In its most recent quarterly report, the company posted its first holiday-quarter sales decline since 2001, a drop that was almost entirely due to lower smartphone sales. The stock rose 2.6 percent in early trading on Monday, on track for its fourth straight daily gain.