Netflix isn’t too worried about the increasing competition in the video streaming space. In its Q1 2019 earnings report released today, the company says it doesn’t expect the newly announced services from Apple and Disney to ‘materially affect’ its growth.
Several months after unveiling the feature, Netflix on Thursday said that Smart Downloads is now available in its iOS app. As you may recall, the option streamlines the process of accessing content to watch when offline.
Netflix grossed $853 million in 2018, which means that Apple’s take would have been around $256 million from that app alone. Best of all, Apple didn’t have to do anything to earn this money other than permit Netflix to offer the In-App Subscription option in its app.