Nobody's Cancelling Netflix for Disney+ or Apple TV+
November has been a big test for Netflix (NASDAQ: NFLX). It saw the launch of two new competitors with big budgets for both content and marketing: Disney's (NYSE: DIS) Disney+ and Apple's (NASDAQ: AAPL) Apple TV+.
However, despite the hype, success, and significantly lower price points of Netflix's new competitors, internal data from the company shows no change to how many Netflix subscribers are cancelling their service, according to a report from Bloomberg.
Meanwhile, research from Credit Suisse analysts found little impact from the competition as well. "Our Sensor Tower App downloads and Google search data analysis showed little-to-no impact from the Disney+ launch on Netflix trends," analyst Douglas Mitchelson wrote in a note to investors. That suggests consumers are still downloading Netflix and signing up for the service at the same pace as in prior months.
Source Fool.com
