Netflix Crumbles: Is This Bad News For Apple Stock?

Netflix stock (NFLX) – Get Netflix, Inc. Report investors have been licking their wounds this Thursday. After the streaming company delivered disappointing Q1 subscriber metrics on earnings day, shares tanked by 40% at one point during the trading session, shedding $ 60 billion in value along the way.

Apple stock (AAPL) – Get Apple Inc. Report was unable to dodge broad-based bearishness towards tech names. Shares of the Cupertino company also dipped on April 20, although by a much tamer of 0.1%.

Could Netflix’s earnings developments have a substantial negative impact on Apple’s future financial results and its stock price? The Apple Maven looks at this question from a couple of different angles.

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Naveen Kumar

Friendly communicator. Music maven. Explorer. Pop culture trailblazer. Social media practitioner.

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