Rich Tullo, director of research at Albert Fried & Co., “sees a big threat to Netflix from Apple,” Tom Bemis reports for MarketWatch.
We think Apple may enter the next generation TV market with a large Panel Retina Display Supported by iCloud. If Apple roles out a next generation TV it is likely Apple will support the product with the iCloud its natural match in our view. We think Apple could disrupt NFLX and get industry buying and make the current exclusive rights streaming rights controlled by NFLX useless. – Rich Tullo, director of research at Albert Fried & Co.
Bemis reports, “Tullo put a sell on Netflix with a $68 price target.”
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