Upcoming new device integration sends Netflix stock soaring
Netflix's stock hit a new high today on word from the company that its movie streaming service will soon be available through a device owned by a large number of consumers. The company wouldn't name names, but the Associated Press reports that analysts are speculating it to be the oft-rumored and Hastings-desired inclusion of the service on the PS3 or Wii.
Netflix stated that its Xbox 360 service helped the company add 2.4 million subscribers since September of 2008. This new deal, according to the company, is predicted to bring in 900,000 to 1.2 million more customers in just the fourth quarter -- it also announced it will begin offering the service overseas next year.
Before getting too excited, Netflix could be offering its service through a cable provider like Comcast or DirecTV -- perhaps the iPhone? We've contacted Netflix for further information and asked when it plans to make its big announcement.
