Apple TV+ is ‘no substitute’ for Netflix and its stockpile of original programming, Bank of America says (AAPL, NFLX)

Netflix will remain a leader in the streaming wars despite Apple TV+ offering a far lower price, Bank of America analysts said Tuesday. The streaming company has more than 400 original titles and thousands of other offerings compared to Apple’s nine launch titles, making the iPhone producer “no substitute” for Netflix, the analysts said. The team added Netflix’s years of dominance in the streaming business leave it with a “secure” position ahead of Apple

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