Five years ago, it would have appeared that investing heavily in Netflix stock would have been a gamble at best.
However, over the last half decade, the entertainment service stock has outperformed other tech giants such as Apple.
According to a CNN Money report:
Netflix crushes Apple, traditional media: Netflix is crushing other popular bets from 2010. Apple (AAPL, Tech30) seemed like a safer investment back then for those who wanted to invest in a consumer-technology company. But Netflix has more than doubled Apple’s very-impressive 245% stock surge over the past five years.
The same is true for traditional media players. Netflix has more than doubled Disney (DIS) and Time Warner’s (TWX) five-year gains of 252% and 202%, respectively. (Time Warner is the owner of CNNMoney.) Sumner Redstone’s Viacom (VIAB) is up just 84% over that span.
A bet on the Nasdaq was a smart one in 2010. The Nasdaq’s 134% five-year advance blows away the S&P 500 and Dow, but it’s well behind Netflix’s.