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Netflix’s price hikes help explain its terrible quarter and Wall Street analysts say it needs to be careful as new competitors spring up (NFLX)

FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo

  • After a rough second quarter and with new competitors on the way, Netflix’s pricing power in the US may be called into question.
  • Customers will be gauging the value of Netflix against its competitors, as more options become available to them.
  • Wall Street and industry researchers haven’t lost faith in Netflix, but they’re keeping a close eye on subscriber growth in the quarters to come to evaluate how much runway Netflix has in the US.
  • “They will need to be more careful moving forward,” one analyst said.
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Netflix rolled its latest price hike out to existing read more >>>

Source:: BusinessInsider.Com