Most of this cash is in offshore accounts and Apple can't use it domestically without paying a boat load of taxes on it. Moreover Netflix's market cap at the mo

Most of this cash is in offshore accounts and Apple can't use it domestically without paying a boat load of taxes on it. Moreover Netflix's market cap at the moment is $212B and with even a conservative 30% acquisition premium Apple would have to pay $275-300B. They simply can't afford it.