Disney+ Sees Record Downloads As Wall Street Analysts Downgrade Netflix

Disney+ sees record downloads as Wall Street analysts downgrade Netflix by skleb1234

Disney stock is up over 6% since it launched the streaming service, while Netflix shares have only gained less than 2% during that same period in comparison. Apple stock is up just over 3% since then. So far this year, Netflix stock has majorly disappointed, worrying Wall Street investors. The stock is up just 11% in 2019—severely lagging behind Disney’s 35% return so far. Apple stock, meanwhile, is up 71% this year, hitting numerous new record highs amid booming product sales.

“We downgrade NFLX because it has consistently stated it will not have advertising, which we believe will result in U.S. sub losses,” Martin wroteThe streaming wars will continue to ramp up as new services steadily enter the market. Netflix was a longtime leader in streaming butby existing competition from Amazon Prime TV, Hulu, CBS All Access, Apple TV+ and Disney+, which all threaten to take market share.

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