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However, DIS CEO Bob Chapek recently said that the new Disney+ subscribers in the current fiscal year might be in the “low single-digit millions,” because it faces stiff competition from other players such as Netflix Inc. (NASDAQ:NFLX) and Apple Inc. (NASDAQ:AAPL) in the streaming space.
The stock has declined 4.7% in price over the past six months to close Friday’s trading session at $176. In addition, it is currently trading 13.3% below its 52-week high of $203.02, which it hit on March 8, 2021. Furthermore, the rising COVID-19 cases owing to the rapid spread of the Delta coronavirus variant make the company’s near-term outlook uncertain due to capacity limitations and production delays.
