Netflix did what all near monopolies do. Raise prices. Sara Salinas:
Netflix is raising prices and the stock is soaring
Apple raised prices (kinda sorta mostly; but only on new products) and what happened to the stock price?
The rate hikes constitute a jump of between 13 and 18 percent — the company’s biggest increase since launching its streaming service 12 years ago — and will take effect immediately for new customers. Existing subscribers will see the price increase on their bills over the next three months.
Apple’s financials are far superior yet investors shed the stock. Just remember the not-so-obvious. For every seller, there’s a buyer.