3 Concerns Netflix Stock Owners Should Take Seriously
Disney+, Apple TV+, AT&T NOW, Peacock, Prime Video, Hulu... If you're following Netflix (NASDAQ: NFLX) even the slightest, these names are a resounding chorus on repeat. Netflix CEO Reed Hastings, referring to newly emerging streaming competitors, acknowledged the tough road ahead in a recent Vanity Fair interview in which he noted "a whole new world starting in November,"when big-name competitors are set to launch.
Should Netflix stock owners be worried? Let's breakdown the three most significant risk factors impeding the road forward.
The clear-cut No. 1 risk for Netflix is competition. With deep-pocketed companies like Apple spending billions to provide streaming options to viewers, Netflix will struggle to retain and gain market share. As Hastings said, "It'll be tough competition. Direct-to-consumer [customers] will have a lot of choice."
Source Fool.com
