Apple Inc. (NASDAQ:AAPL) ranks among the best forever stocks to invest in. According to a July 11 Business Insider report, Apple Inc. (NASDAQ:AAPL) placed in a bid of at least $150 million a year for the US rights to stream Formula 1 races beginning in 2026. According to the report, the iPhone manufacturer is expected to be the top bidder for the rights since ESPN, the current owner, will not attempt to match or outbid it.
While Apple Inc. (NASDAQ:AAPL) already boasts agreements to stream all Major League Soccer games and some baseball games, F1 would be its most acclaimed international sports investment to date.
The announcement comes after Apples F1: The Movie movie, which as of July 11 had grossed over $300 million globally.
Apple Inc. (NASDAQ:AAPL) is a global tech company that is known for its core offerings, the iPhone, Mac, and Apple Watch, as well as its expansive service portfolio, which includes iCloud and Apple Music.
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