Netflix’s recent Q1 financial results revealed healthy subscriber growth, much of which the company attributed to its expanding streaming service. At least one analyst believes that a large part of Netflix’s streaming business growth is due to its availability on the Playstation 3, Xbox 360 and Nintendo Wii.
Michael Pachter with Wedbush Morgan believes that, based on the numbers posted by Netflix in the first quarter, the company should add about three million subscribers over the course of the year. Pachter says that this growth will be massively boosted by console support for Netflix streaming, which has been added to all three major video game consoles in recent months.
The weakest growth from the three consoles, says Pachter, could come from the Wii, whose hardware limitations and lack of HD video support could hamper streaming growth. Said Pachter:
“The Wii audience has demonstrated little commitment to buying video games, leading us to suspect that many Wiis are relegated to the playroom or the closet,”
For those of you who stream Netflix, Insiders, how many of you do it from a video game console? Do the Wii’s relative shortcomings compared to the Xbox or Playstation make it a less desirable streaming platform?