Netflix Not Worried Despite Looming Apple TV+ Launch

Samantha Wiley
By Samantha Wiley  - Senior News Editor
Netflix Not Worried Despite Looming Apple TV+ Launch

Today, media streaming giant Netflix has posted its Q3 2019 earnings and added in a shareholder letter that they’re not too worried about the upcoming launch of Apple TV+.

Netflix’s earnings as reported by CNBC gave the NFLX stock a nice 9% boost in after-hours trading. The company will have serious competition in the form of Apple TV+, which launches November 1 and Disney+, slated to go live November 12.

Netflix Not Worried Despite Looming Apple TV+ Launch

Netflix says that although upcoming services Peacock, HBO Max, Apple TV+ and Disney+ have great titles, none can match the diversity, quality and variety of its original programming that’s produced around the world. Netflix stresses that entertainment is shifting to streaming TV and overall, NBC, Disney and Apple are helping in that regard.

It’s predicted that the world will turn from linear TV to streaming TV, and as such will turn to services like Netflix, Apple TV+ and others in this regard. Tim Cook has admitted the same in an interview the previous month.

By Samantha Wiley Senior News Editor
Samantha is a senior news editor at iLounge. She has been covering the technology industry for over five years, writing about Apple, Google, and other major companies. Samantha has also worked as a reporter and editor for several other publications.