Netflix (NASDAQ:NFLX) is in for some stiff competition after Apple (NASDAQ:AAPL) revealed further details of its Apple TV+, sending NFLX stock down 2%.
While Apple’s streaming service had been long expected, it was officially unveiled at the launch of the iPhone 11 today. With a subscription fee of just $4.99, Apple TV+ has undercut nearly all of its competitors in the streaming field, which has subsequently had an adverse effect on Disney (NYSE:DIS), Roku (NASDAQ:ROKU), and Netflix stock. While Disney’s upcoming streaming service, Disney+, is hotly anticipated, it is priced at $6.99 a month. Netflix’s current ...
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