AM SPIN NEWS So what current stock ticker is representative of a sociological cycle bigger than itself? That would be Netflix(NFLX).
Mobile users crave individually tailored apps in contrast to inefficient Websites in the same way consumers preferred the convenience of fast food as opposed to Mom's home cooked meal.
Investment capital is flowing into this revolutionary space. Netflix began the year as a $55 stock and has surged to $145 as investors recognize its symbolic stature as the first profitable app play on Wall Street.
The first day we opened up the iPad we downloaded the Netflix app, paid the $8.99 subscription fee, and were blown away as we watched instant movies on the device.
Users want to pay for the service no matter if they're using Xbox, PS3, Blu-ray, Wii, iPad, iPhone, Apple TV or whatever other iplatform you like.
Netflix is just scratching the surface with expanded content deals and international rollouts. This is the first must-have app and it has become a must-own stock as a result