Netflix enjoys steady growth
It’s tough to pick a winner in the stock market these days unless you are one of the few with insider information, but Los Gatos, California based Netflix is on a roll. The mail order DVD subscription service reported a stellar first quarter where they attracted some 1.7 million new customers. Their growth has been rather amazing and they have sustained it over a significant period of time. Netflix has increased its earnings by 22 percent or more during each of the last six quarters.
With the high cost of cable television and the rather sketchy quality of the programming, it makes sense that people would turn to movies for their video entertainment, and the convenience of getting a steady stream of fresh DVDs turning up in your mailbox is quite appealing. Netflix has also been offering streaming video over the Internet, and that service has also bolstered their bottom line.
Other companies have followed the Netflix model and the competition is increasing, so continued growth of this magnitude is no sure thing, but Netflix had a great business model from the beginning and they have done a good job maximizing their potential. You can read more about the growth of Netflix by clicking the link below.