Why Apple Should Buy Netflix

Streaming video provider Netflix recently reported record subscriber growth of 2.3 million in the U.S. and 2.6 million internationally for the first quarter. The company now boasts 62 million subscribers worldwide. In response to the company’s rapid growth, FBR & Co. analyst Barton Crockett set a one-year price target of $900 a share for the company, a nearly 60% increase from its current level; and expects Netflix to reach 180 million global subscribers.