Netflix Stock Takes a Hit After Apple-Comcast Report Surfaces

Netflix's stock fell 7% on Monday after a Wall Street Journal report emerged claiming Apple was in talks with Comcast for a TV set-top box release.

Comcast, the country's largest cable operator, is reportedly in discussions with Apple about a set-top box that would allow for special access on Comcast's backend equipment, thus bypassing typical Internet congestion. Though the talks are said to be preliminary, investors see a potential challenge to Netflix's business

See also: The National Domination of Comcast and Time Warner in 1 Map

Apple's plans to let users stream live and on-demand TV and store content in the cloud, according to the report. Apple currently offers Netflix's service on its Apple TV devices Read more...

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