Netflix Isn't Worried About Intensifying Competition
Leading up to Netflix's (NASDAQ: NFLX) earnings report this week, concerns about an intensifying competitive landscape's impact on the streaming-TV giant were mounting. Apple (NASDAQ: AAPL) and Walt Disney (NYSE: DIS) are both readying their streaming services for launches in November at aggressive prices that undercut Netflix. Even Netflix CEO Reed Hastings said in a recent interview with Vanity Fair that "it's a whole new world starting in November."
But Netflix's third-quarter update shows a management team exuding confidence in the face of rising competition. Here's why Netflix isn't flinching.
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Source Fool.com
