Microsoft may have introduced its new video game console on Tuesday as the ultimate entertainment hub, but Netflix doesn't have anything to be worried about.
Speculation picked up last year when Netflix CEO Reed Hastings announced that he was leaving Microsoft's board of directors. Was Microsoft buying Netflix? Was the new Xbox going to take on Netflix as a streaming video platform?
Well, Mr. Softy never warmed up to the leading video service -- and now the new Xbox One console doesn't seem to pose much of a threat. A Netflix icon was even featured on the home page of the initial presentation!
In this video, longtime Fool contributor Rick Munarriz explores why Netflix may have more to gain than lose here.
It's been a frustrating path for Microsoft investors, who've watched the company fail to capitalize on the incredible growth in mobile over the past decade. However, with the release of its own tablet, along with the widely anticipated Windows 8 operating system, the company is looking to make a splash in this booming market. In our premium report on Microsoft, a Motley Fool analyst explains that while the opportunity is huge, so are the challenges. The report includes regular updates as key events occur, so make sure to claim a copy of this report now by clicking here.
The article Netflix Doesn't Have to Worry About Microsoft's Xbox One originally appeared on Fool.com.Longtime Fool contributor Rick Munarriz owns shares of Netflix. The Motley Fool recommends Netflix. The Motley Fool owns shares of Microsoft and Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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