As I was doing more research on Netflix, WHDH posted an article with more bad competitive news for Netflix (NFLX). Yesterday during the company’s tech showcase, Apple released info on pricing for its streaming service and it means business. According to reports, their streaming service will rolled out new as of November 1st of this year. Early morning trading for Netflix fell sharply, but rebounded halfway through the trading day. In the last year, Netflix went from being the main source for streaming content, to competing against Apple, Amazon, Hulu and Disney. It will be interesting to see what the firm will do to respond to such competition, however there doesn’t seem to be much they can do except to continue making original context and hope for the best.
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