With 36 million subscribers worldwide, it's all good news for CEO Reed Hastings. The firm is about to increase the number of simultaneous streams to households as original content proves the winner for increasing revenue.
Apple had been the leader of the online movie streaming business, with a 61% share in 2010. But in 2011, the research firm IHS iSuppli reports that its share dropped to just 32%. Meanwhile, Netflix jumped from .05% of the business in 2010 to a stunning 44% in 2011. If that isn't a wakeup call, I don't know what is.
