Podcast: Apple Goes Head-to-Head With Netflix
Why Apple’s streaming service may not be as attractive as Netflix—yet. Boeing delivered only 18 airplanes in August. And investors sent Wendy’s stock lower as the company announced breakfast plans.
3 numbers to help you navigate the market—in just two minutes.
Three numbers to start your day:
To buyers of a new iPhone, iPad or Mac, the service will be free for a year.
The new push into streaming was announced on Tuesday. It means that Apple will be going head-to-head against the likes of Netflix. The price for Apple’s service is much cheaper than the standard monthly charge for Netflix. But Apple’s service may not be as attractive to consumers, at least not yet.
Consider the number of shows being offered. Apple identified nine shows that will be available on Apple TV+ come Nov. 1. Netflix offers some 5,800 shows and movies.
That’s compared with 64 for the same month a year ago. The aerospace company is heading for its lowest annual total of deliveries in eight years.
Boeing is still struggling with regulatory scrutiny and with competition in the aftermath of two crashes of 737 MAX passenger airplanes that killed a total of 346 people.
Boeing’s stock has yet to recover from a selloff in March, when the 737 MAX was grounded. Deliveries of jetliners are expected to revive next year—when the 737 MAX may be back.
The decline came after Wendy’s announced that it will be investing $20 million and hiring new employees. Those moves led the company to lower its forecast for earnings this year.
The fast-food chain said it plans to pump the money into offering breakfast at its restaurants nationwide next year. The company had previously tried a national breakfast menu—but without much success.
An analyst at Guggenheim says the decision to compete on breakfast “added risk to shares.”
Numbers by Barron’s is our daily podcast. Find out more here.
Write to host Jeffrey Cane at firstname.lastname@example.org
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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