Apple announced today that it will be releasing three new iPhone’s
The iPhone 11 Pro Max which features a 6.5 inch OLED display and a three-camera feature. MSRP $1,099
The iPhone 11 Pro features a 5.8 inch OLED display and also three lenses and comes in at MSRP $999
The iPhone 11 encompassing a 6.1 inch display and a dual camera feature. MSRP $699
Now here is where the real disruption occurs, Apple stated it will launch its Apple TV+ streaming service at the very low cost of $4.99 a month, this is a serious disruptor when compared to the now seemingly very expensive Netflix ($8.99) and even the cheaper Disney ($6.99)
The market did not care for this news, upon the release of the streaming prices and iPhone news Apple shares actually fell slightly but Netflix and Disney felt the real pain.
Disney suffered a loss of 2.68% while Netflix fell 3.86%
As analyst start pricing in the potential disruption of now having two cheaper alternatives the uncertainty of the futures in streaming content remain unclear.