Netflix Stock Forecast: NFLX Will Continue To Prosper In Spite of Disney+ And Apple TV+
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary
- There is lingering pessimism over Netflix because of the upcoming intensified competition on paid streaming entertainment.
- Apple TV+ will debut on November 1. Disney+ TV streaming service will also launch on November 12.
- Many are skeptical over the future prosperity of Netflix. This is because of the low basic monthly fee of Disney+ ($6.99), and Apple TV+ ($4.99).
- Most people are not going to abandon Netflix. The cheap monthly fees of Disney+ and Apple TV+ does not automatically mean Netflix will lose subscribers.
- My takeaway is that people will keep their Netflix subscriptions in addition to subscribing to Apple TV+ and Disney+.