Popcorn Time in iOS: Trouble For Netflix, Inc. (NASDAQ:NFLX) And Apple Inc. (NASDAQ:AAPL)

Popcorn Time, a torrent streaming platform has now been made available in iOS platforms. This could turn out to be a serious competition for online streaming sites such as Netflix Inc. (NASDQR:NFLX) and iTunes as well. The app will now be available in non-jailbroken Apple Inc. (NASDAQ:AAPL) devices.

Technical analyst have identified strong buy signals in NFLX.

The app of Popcorn Time was earlier available on Android platforms. Under legal pressure, the original developers of Popcorn Time had quit maintaining the website. However, a small new number of teams have been keeping it running ever since.

In fact, Popcorn Time is such a major headache for Netflix that in a shareholder letter, the company has formally stated them as a “serious competitor”. According to The Next Web, the app works perfectly on iOS platforms. Also, it is reported that the app streams movies and other TV shows in a seemingly “instantaneous” manner.

When it comes to the design of the app, it can be found with rough edges with a very simple User Interface. However, the buttons of the app can sometimes seem to be “laggy”. However, it is expected that people, who want to get access to the latest movies will not find it to be a major issue.

Also, it seems that teams supporting the Popcorn Time are getting ready for a legal battle, should Apple or Netflix be prepared to launch one against them. Till now, there has been no statement released by either Apple or Netflix Inc. (NASDQR:NFLX). It is expected that Apple will try to do everything possible to shut down the app, but whether or not will they be successful is a thing for time to prove.

Popcorn Time has also released a “parody” on celebrating their one-year anniversary. The app is now available on the Windows version. The iOS version of the app will soon be available within the next few weeks.

Cook Laurie

Cook Laurie

Laurie, a long-time member of the US Markets Daily general assignment reporter who has covered a variety of subjects from breaking news to investigative features, from stock markets to politics, and from neighborhood small business to global warming.