![]() ![]() It seems like there are too many streaming apps to keep track of these days - too many options, a limited amount of time, and a budget that is getting more constrained amid macro headwinds. The company seems to have lost its way amid the continued maturation of the video-streaming market. Further, with Apple unveiling its Vision Pro headset (or spatial computer, as it calls it) earlier this month, the firm seems to be betting that people will pay a substantial sum ($3,500 is nothing to sneeze at!) for a truly next-generation experience.īack to Netflix. When it comes to VR, though, I do believe that capability trumps cost. Think about the type of awe that we had when we tried ChatGPT for the very first time or even the sense of magic we experienced from the first Apple ( NASDAQ:AAPL) iPhone.įor any consumer product, the cost-versus-capability debate will go on. Though Meta Platforms ( NASDAQ:META) has made its metaverse ambitions clear, an overwhelming majority of consumers have yet to make the dive, partially due to the high cost of a headset but mostly due to the lack of a genuinely mind-blowing experience. The hardware has always been a limiting factor stopping the masses from buying VR headsets. Indeed, many VR ambitions have been crushed over the years. Though shares have been in rally mode for over a year now, I do think the run can be extended if VR is, in fact, poised to become a mainstream technology. Undoubtedly, Netflix stock got ahead of itself in 2021 before things came crashing down. ![]() As virtual reality (VR) takes off again, I’d look for Netflix to prove itself as an obvious beneficiary as it looks to pioneer new, innovative ways to entertain people from their homes. ![]() Top video-streamer Netflix ( NASDAQ:NFLX) has been on a hot run, thanks in part to promising recent quarters and some pricing adjustments. ![]()
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