finance.yahoo.com/news/netflix-could-lose-four-million-121913655.html
(Reuters) – Needham and Co was the fourth Wall Street brokerage in two months to cut its rating for Netflix Inc <NFLX.O> on Tuesday, arguing competition from new streaming services could lead to the loss of 4 million premium U.S. subscribers next year.
Needham analyst Laura Martin, who downgraded the California-based tech giant to “underperform”, believes Netflix will have to add a lower priced service to compete with competitors including Apple Inc’s <AAPL.O> Apple TV+ service and Walt Disney Co’s <DIS.N> Disney+.
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