Why Apple doesn’t sell televisions

The title doesn't do the article justice. It's broader than that. Cringely proposes that Apple buy Dolby Labs as a way to spur adoption of HDR television, and to control the associated IP.

I think it could be a good idea, because anything is better than Apple just sitting around with literally hundreds of billions of dollars in excess cash, probably earning 1% return on it. But OTOH it seems that Apple is where acquired companies go to die, to disappear into a cosmic void, never to be heard from again.