Time will tell. Apple undercutting Netflix in price may convince people to switch platforms, but if Apple does not have a good library of content they will like

Time will tell. Apple undercutting Netflix in price may convince people to switch platforms, but if Apple does not have a good library of content they will likely struggle to retain users. Although user growth has slowed at Netflix, user retention has remained high. Netflix's stocks have dipped, but it is expected considering all the recent news. I am not a trader, but people often buy on rumor and sell on news.