Netflix Inc said on Monday its quarterly profit more than doubled, boosted by strong growth in U.S. and international subscribers as a price increase for its most popular U.S. video streaming plan did not deter new users. Netflix added 570,000 U.S. customers in the second fiscal quarter ended June 30, passing 50 million worldwide subscribers for the first time. The company suffered a consumer exodus and stock plunge after it announced an unpopular price increase in July 2011. Netflix executives also said they were contemplating an eventual move into China, the world's most populous country.
via Tech News Headlines - Yahoo News http://ift.tt/1wRZTnF
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