Will the new Apple TV be the PS4's only real challenger this gen?

[sethnintendo]

Soundwave said:

Realistically Apple laughs at the game industry in general. They could buy Nintendo and it wouldn't even dent their cash reserves which are larger than Microsoft and Google combined. Their cash reserves are larger than the US, British, German, French, and Canadian governments too. 

Wouldn't the Nintendo board have to approve of the sale?  Nintendo would never let themselves be bought by Apple.