Netflix (NFLX) Shares Surge On Inclusion in Apple TV

Netflix Inc. (NFLX) jumped $9.50, or 7.50%, at $135, the most intraday since mid-Aug., after Apple (AAPL) CEO Steve Jobs announced that his co.’s new TV multimedia version device [iTV] — which is a quarter of the size of previous versions and delivers video to consumers — will include a program to stream movies and television shows from Netflix’s Watch Instantly library.

Jobs announcement confirmed rumors that have swirled in recent days that Apple’s new device would offer Netflix movie streaming.

The new Apple TV-based software will be $99, which is $130 less than the current Apple TV product, and will come out in late September.

Shares of Netflix are higher on the session by 6.57%, currently trading at $133.70. Year-to-date, NFLX stock is up an incredible 123%.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.