- Inc. Technology - http://technology.inc.com -
Did Netflix Make the Right Moves?
Posted By Sonya Donaldson On October 27, 2011 @ 9:00 am In Internet and Online Business | No Comments
While it might not appear so to the vast majority of observers (and customers), Netflix’s recent changes  may have been the right ones, says ZDNet’s David Hamilton. The company has made a series of awkward moves (at best) to shift its business model from a DVD-and-streaming company to a streaming-only company. In the process, it lost 810,00 net subscribers in the third quarter and has seen its stock prices tumble to $77.37.
But this might not be such a terrible thing, says Hamilton. Despite being the goat of Wall Street, Netflix needed to distance itself from a dying DVD business. And, says Hamilton, readers need to remember that Netflix is profitable; despite the loss of U.S. customers, its postings still managed to beat Wall Street’s expectations.
And Netflix is launching in the U.K. and Ireland, following a successful start in Canada.
Read more at ZDNet .
Article printed from Inc. Technology: http://technology.inc.com
URL to article: http://technology.inc.com/2011/10/27/did-netflix-make-the-right-moves/
URLs in this post:
 changes: http://technology.inc.com/2011/10/10/netflix-shelves-plans-for-qwikster/
 ZDNet: http://www.zdnet.com/news/why-wall-street-is-still-wrong-about-netflix/6320944?tag=mantle_skin;content
Copyright © 2011 Inc Technology. All rights reserved.