HomeMarket NewsNetflix Faces Apple Product Exodus and Safety Concerns

Netflix Faces Apple Product Exodus and Safety Concerns

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Sunset for Some Apple Devices

Streaming giant Netflix (NFLX), known for its seamless access across various platforms, is about to encounter a hiccup in its compatibility with certain Apple (AAPL) devices. Reports indicate that the iPhone 8, iPhone 8 Plus, iPhone X, the first-gen iPad Pro, and the fifth-gen iPad, all running on iOS 16, will soon bid adieu to Netflix support. On the brighter side, devices compatible with iOS 17 and iOS 18 maintain access to the streaming service until iOS 19 possibly brings incompatibility concerns.

Crew Member Champions Safety

Highlighting broader concerns, a Netflix crew member’s harrowing experience underscores safety issues. Michael Oronoz, a grip on the set of “Me Time” with Kevin Hart and Mark Walhberg, fell from a considerable height, leading to catastrophic injuries. The incident prompted Oronoz to advocate for improved safety standards on Netflix sets, resonating across the industry. His story sheds light on the need for stringent safety measures to prevent future mishaps.

Stock Sentiment and Analysis

Shifting focus to market sentiment, analysts maintain a Moderate Buy rating on NFLX stock, supported by 24 Buys, 12 Holds, and one Sell rating in the last three months. Despite a remarkable 66.63% surge in share price over the past year, the average price target of $709.48 per share implies a modest 3.42% upside potential. Such dynamics point to the underlying investor confidence while signaling a prudent approach to Netflix’s stock amidst evolving market conditions.

Screenshot 2024 09 12 at 15 03 33 Netflix NFLX Stock Forecast Price Targets and Analysts Predictions TipRanks.com

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Disclosure

The author’s opinions expressed herein do not represent those of Nasdaq, Inc.

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