Netflix warns investors of ‘headwinds’ caused by Apple TV+ and Disney+

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75% of Netflix users have no plans to jump ship to Apple TV+ (right away)
75% of Netflix users have no plans to jump ship to Apple TV+ (right away)
Photo: Stock Catalog/Flickr CC

Netflix warned investors that the upcoming launch of Apple TV+ and Disney+ could generate “modest headwinds” when it comes to new subscriber growth. Despite the warning, Netflix shares surged in after-hours trading today after it reported better-than-expected earnings.

In a letter to shareholders, Netflix didn’t sound too worried about the upcoming streaming wars. The company pointed out that it’s already been competing against streamers and regular TV for over a decade now.

Netflix CEO: Apple and Disney will take streaming wars to ‘whole new world’

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75% of Netflix users have no plans to jump ship to Apple TV+ (right away)
75% of Netflix users have no plans to jump ship to Apple TV+ (right away)
Photo: Stock Catalog/Flickr CC

Netflix CEO Reed Hastings almost sounds excited about the increased competition his company is about to face from the biggest tech companies in the world.

After basically creating the entire TV streaming market, Netflix is about to go up against new services from Apple and Disney. In an interview with Variety, Hastings admitted it’s going to be a whole new ball game in just a few months, but Netflix doesn’t plan to change much.