Netflix is launching a mobile-only version of its streaming service in India today. The lower-priced plan will cost Rs 199 ($2.80) per month, and it’s restricted to a single mobile device with standard 480p streams. While the new tier is only launching in India today, Netflix has hinted it would test the service in select countries so it could expand further in the future.
The new tier comes just days after Netflix revealed a mobile-only service would launch in Q3, following the company’s surprising Q2 earning results. Netflix revealed it has only 2.7 million paid customers globally, nearly half of the subscribers it was forecast to have at this point. Netflix stock has continued to drop over the past week, signaling broader worries...
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