Famed investor Warren Buffett on Thursday said Apple Inc. will likely have a hard time competing against deep-pocketed Hollywood studios, and relative newcomers like Netflix Inc. and Amazon.com’s Prime Video, as it rolls out its new streaming video service, Apple TV+.
The challenge, he says, is that people have a limited amount of time each day to watch TV shows and movies, and there’s intense competition from entertainment companies to win as much of that time as possible.
“That’s not an easy…
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Alfred Serrano 