Netflix surges as users stay loyal despite higher prices


  • TECH
  • Tuesday, 17 Apr 2018

An Apple Inc. laptop computer and iPhone display the home screen for the Netflix Inc. original series 'Stranger Things' in an arranged photograph taken in the Brooklyn Borough of New York, U.S., on Thursday, April 12, 2018. Netflix Inc. is scheduled to release earnings on April 16. Photographer: Gabby Jones/Bloomberg

Netflix Inc used to worry it would alienate customers by raising prices for its streaming service. Not any more. 

The company posted its strongest subscriber growth since going public 16 years ago, despite raising prices for most of its customers over the past several months. Los Gatos, California-based Netflix added 7.41 million users in the first quarter of the year, according to a statement on April 16, easily topping analysts’ projections. 

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