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Apple No Real Help For Netflix (NFLX, AAPL)

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By Jon C. Ogg Published
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Netflix, Inc. (NASDAQ: NFLX) is still down almost 2% today despite the new Apple TV including it.  The problem may be that there is a restreaming feature among various Apple devices from iTunes and other sources.

Apple noted, “The new Apple TV features 1080p HD programming including iTunes movies and TV shows, Netflix, Vimeo, photos and more available starting Friday, March 16, at just $99.”

More specifics showed that Apple TV users can choose from over 15,000 movies and over 90,000 TV episodes on the iTunes Store, while Apple TV also offers content from Netflix’s streaming catalog, live sports from MLB, NBA and NHL as well as Internet content from Vimeo, YouTube and Flickr.

Netflix shares are down 1.9% at $105.10 and Apple shares are up 0.5% at $532.84.

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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