Jim Cramer: Netflix Is Too Expensive for Apple

Jim Cramer has long held that Apple should have purchased Netflix long ago because he loves that service stream.
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TheStreet's Jim Cramer has long held that Apple (AAPL) - Get Report should have purchased Netflix (NFLX) - Get Report when it was less expensive because he loves that service stream. Unfortunately, the price of Netfix is too high now. Netflix has a market-cap of more than $44 billion and that is steep even for cash-rich Apple. The speculation and chatter in the market surrounding an Apple purchase of Netflix is simply that in Cramer's opinion. He said Time Warner's (TWX) HBO is what Apple would want right now.